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The economic life of an enterprise is split into periodic intervals as per the periodicity concept. This concept states that each accounting period has an economic activity associated with it, and that the activity can be measured, accounted for, and reported upon. The periodicity concept is important because it allows businesses to track their financial performance over time. By splitting the economic life of an enterprise into periodic intervals, businesses can identify trends, patterns, and areas for improvement.
Who has become the first Indian lawyer to receive the 'Medal of Honour' from the World Jurist Association (WJA)?
The world's first palm leaf manuscript museum is opened in which state?
With reference to the PMJJBY, consider the following statements:
1. Age group of 18 to 50 and having a bank account.
What is the origin of the invasive sailfin armoured catfish found in the Eastern Ghats of India?
What does V stand for in PM VIKAS Scheme?
The international climate change summit COP27 was held in which country?
According to the recent meeting of Monetary Policy Committee in February 2023, Repo Rate hiked by how much basis points?
Which program did SBI Life Insurance launch to engage B-School students to innovate in the life insurance sector?