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प्रश्न
It is due to this concept that financial statements are prepared at regular intervals, generally one year.
पर्याय
Money measurement concept
Accounting period concept
Business entity concept
Realisation concept
उत्तर
Accounting period concept
Explanation:
The accounting period concept requires financial statements to be prepared at regular intervals, typically one year. This concept allows businesses to report their financial performance and position periodically, making it easier for stakeholders to assess the company's progress and make informed decisions.
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