The time period assumption presumes that an organ organization's activities can be divided into specific time periods such as a month, a three-month quarter, six-month interval or a year. True or False True

True.<br /><br />The time period assumption, also known as the periodicity assumption, presumes that an organization's activities can be divided into specific time periods such as a month, a three-month quarter, a six-month interval, or a year. This allows businesses to prepare financial statements and reports for these distinct periods, providing timely information to stakeholders.