Question
The life of the business is split into smaller intervals
as per which of the following accounting concepts?Solution
As per Accounting Period Concept, The life of the business enterprise is long but the investors or other users of accounting, may require to assess the performance of the business at shorter regular intervals. Therefore, the life of the business is split into smaller intervals and each such period is known as an Accounting Period.
Agranal chloroplasts are found in _____
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