PERIODICITY CONCEPT Definition

Bookmark and Share

PERIODICITY CONCEPT is the concept that each accounting period has an economic activity associated with it, and that the activity can be measured, accounted for, and reported upon.

Learn new Accounting Terms

UNEARNED REVENUE / INCOME represents money that you have received in advance of providing the goods or services to your customer. Unearned revenue is a liability of your business until you provide the goods or services you agreed to provide to the customer.

UNEXPIRED means not having come to an end or been terminated by the passage of time.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.