Concept:The accrual concept records income and expenses in the period they belong to, not when cash changes hands.
Explanation:Under this concept, revenue is recognised when it is earned and expenses are recognised when they are incurred.
This means all incomes and expenses relating to the accounting period are included in that period's calculation.
As a result, the profit or loss shown reflect the true financial performance of that specific period.
Other concepts, like business entity, consistency, or going concern, do not directly determine period profit.
Answer:A. accrual concept