Nancy Dutta India 1k Questions 2k Answers 18 Best Answers 4k Points View Profile 0 Nancy Dutta Asked: May 6, 20202020-05-06T22:11:14+05:30 2020-05-06T22:11:14+05:30In: Education Explain accounting period assumption. 0 Explain accounting period assumption. basic questions Share Facebook 2 Answers Voted Oldest Recent Newton D India 361 Questions 225 Answers 1 Best Answer 1k Points View Profile Newton Dutta Added an answer on May 6, 2020 at 10:55 pm Accounting assumptions defined as rules of action or conduct which are derived from experience and practice and when they prove useful, they become accepted principles of accounting. … They are part of GAAP (Generally Accepted Accounting Principles). 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Abhinav.arjun47 Moradabad, India 1k Questions 2k Answers 14 Best Answers 4k Points View Profile Abhinav.arjun47 Added an answer on May 6, 2020 at 10:17 pm time period assumption definition. Also known as the periodicity assumption. The accounting guideline that allows the accountant to divide up the complex, ongoing activities of a business into periods of a year, quarter, month, week, etc. 0 Reply Share Share Share on Facebook Share on Twitter Share on LinkedIn Share on WhatsApp Leave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.