Which one of the following concepts states that the publication or presentation of financial stateme......

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Accountancy (Phase -I & II) Company Final Accounts Add to Study Deck

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

Objectivity concept

Timing concept

Timeliness concept

Reliability concept

Explanation:

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.