NCEA Level 2 Accounting Practice Questions - NCEA Level 2 Accounting (NZQA Assessment Standards 91174, 91176, 91177) Exam

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Dividing the continuous economic life of a business into equal artificial time intervals (such as 12-month financial years) to measure performance is known as which concept?

Going Concern concept Historical Cost concept Dual Aspect concept Periodicity concept

Correct Answer:

Periodicity concept

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