Which of the Following Accounting Terms Assumes That a Business's

question 197

Multiple Choice

Which of the following accounting terms assumes that a business's activities can be divided into small segments and that financial statements can be prepared for specific periods,such as a month,quarter,or year?

• A) adjusting entry concept
• B) economic entity concept
• C) matching principle
• D) time period concept

---

Definitions:

Pulverized Fragments

Small, finely crushed or ground pieces, often referring to material broken down into tiny particles.

Aftercare Services

Support and services provided following initial treatment or rehabilitation to ensure long-term recovery, adjustment, or maintenance of health.

Bereavement Support Groups

Organizations or meetings designed to provide emotional support and guidance for individuals grieving the loss of a loved one.

Meal Delivery

A service that provides pre-prepared or ready-to-cook food directly to customers' homes or places of work.