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Current Attempt in Progress The periodicity assumption states the life of a business can be divided into artificial time periods and that useful reports covering
Current Attempt in Progress
The periodicity assumption states
the life of a business can be divided into artificial time periods and that useful reports covering those periods can be
prepared.
the business will remain in operation for the foreseeable future.
every economic entity can be separately identified and accounted for.
only those things that can be expressed in money are included in the accounting records.
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