1.

What Are Accounting Concepts Related To Income Measurement?

Answer»

ACCOUNTING concepts related to income MEASUREMENT are:

  • The Time Period Concept (Periodicity Concept).
  • The REVENUE Recognition (Realization) Concept.
  • The Matching Concept.
  • The Materiality Concept.
  • The CONSISTENCY Concept.
  • The Conservatism (PRUDENCE) Concept.

Accounting concepts related to income measurement are:


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