Accounting Periods Should Be of Equal Length to Facilitate Comparisons

question 38

True/False

Accounting periods should be of equal length to facilitate comparisons between periods.

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Definitions:

Getting Things Done

A time management method, described in a book by David Allen, that emphasizes moving items from the mind by recording them externally and breaking them into actionable work items.

Capturing

The act of taking control of or obtaining something through force or strategy.

Drive-Reduction

A motivational theory suggesting that behavior is an attempt to reduce drives caused by needs or stress, restoring a state of balance.

Instinct

A natural and usually unchangeable behavior pattern in animals triggered by specific signals.