Time Period Principle: The time period principle is the concept in which businesses are required to report the financial statements or results of its operations and activities over a standard and definite period of time, which is usually monthly, quarterly or annually. To determine: Accounting concept or principle that requires companies to divide their activities into small time segments such as months, quarters or years.

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Chapter 3, Problem 3RQ

To determine

Time Period Principle:

The time period principle is the concept in which businesses are required to report the financial statements or results of its operations and activities over a standard and definite period of time, which is usually monthly, quarterly or annually.

To determine:

Accounting concept or principle that requires companies to divide their activities into small time segments such as months, quarters or years.

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