Accounting Period Concept | Dr. Sahil Roy

The Accounting Period Concept
Businesses are living, continuous organisms. The splitting of the continuous stream of business events into time periods is thus somewhat arbitrary.

There is no significant change just because one accounting period ends and a new one begins.

This results into the most difficult problem of accounting of how to measure the net income for an accounting period.

One has to be careful in recognizing revenue and expenses for a particular accounting period.

[jennyrobin]

Very easy to understand what you taught thank you sir

[Saumyapal]

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[Paramjeet]

Thanks sir mujha samj aa gya thanks 🙏🙏

[kanumeena]

Sir accounting period for companies government decide krti he or companies khud