Periodicity Assumption is related to going concern concept which presumes that a business is likely to continue Meaning of Periodicity Assumptionfor an indefinite period of time. Copy the link given below and paste it in new browser window to get more information on Periodicity Assumption:- http://www.transtutors.com/homework-help/accounting/basic-assumption-periodicity/

2. ACCOUNTING PRINCIPLES
Accounting principles can be subdivided into
two categories:
 Accounting Concepts; and
 Accounting Conventions.

3. ACCOUNTING PRINCIPLES
Accounting Concepts
The term ‘concept’ is used to connote
accounting postulates, that is necessary
assumptions and conditions upon which
accounting is based.

5. • Business Entity Concept
• Money Measurement Concept
• Cost Concept
• Going Concern Concept
• Dual Aspect Concept
• Realization Concept
• Accounting Period Concept
Accounting Concepts

6. ACCOUNTING CONVENTIONS
• Convention of Consistency
• Convention of Disclosure
• Convention of Conservation

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