Which one of the following concepts states that the publication or presentation of financial statements should not be delayed?
A. Objectivity concept
B. Timing concept
C. Timeliness concept
D. Reliability concept
Answer: Option C
Solution (By Examveda Team)
Timeliness concept states that the publication or presentation of financial statements should not be delayed. Timeliness principle in accounting refers to the need for accounting information to be presented to the users in time to fulfill their decision making needs.This Question Belongs to Commerce >> Accounting
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