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Little Inc. decides to prepare financial statements annually so the owners can track the performance of...

Little Inc. decides to prepare financial statements annually so the owners can track the performance of their investment. This decision is an example of which principle of accounting?

Conservatism

Historical Cost

Accounting Period

Matching

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Answer #1

Answer : Accounting period.

Explanation:

Accounting period or Time period is a Accounting principle which specifies that businesses should prepare and present their financial statements in a specific time period.Generally this time period is called as accounting period.So,the Accounting principle relating to time period of preparation of financial statements is Accounting period.

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