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Which one of the following concepts states that the publication or...

This question belongs to Commerce Accounting
Accounting
?

Which one of the following concepts states that the publication or presentation of financial statements should not be delayed?

Answer & Solution
Correct Answer: Option C
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.
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