Which of the following is NOT a concept relating to Accrual accounting?

Accrual accounting relies on certain foundational concepts that enhance the accurate portrayal of a company's financial position and performance. Among these, the Matching Concept, Accounting Period Concept, and Faithful Representation are all vital.

The Matching Concept dictates that expenses should be recognized in the same accounting period as the revenues they help to generate. This ensures that financial statements reflect the correct relationships between costs and revenues over specific periods, offering a clearer view of operational efficiency.

The Accounting Period Concept addresses the necessity of dividing financial performance into specific periods, such as months or years, to provide timely information to stakeholders. This allows for comparative analysis over time and helps in evaluating the progression of financial health.

Faithful Representation is a fundamental qualitative characteristic that asserts the financial information must faithfully represent the transactions and events it purports to depict. This concept ensures that the financial statements are complete, neutral, and free from error, which is crucial for stakeholders making economic decisions.

In contrast, Cost-Benefit Analysis pertains to weighing the expected benefits of a financial or investment decision against its associated costs, which is not inherently a concept of accrual accounting. Rather, it is more a principle used in decision-making processes regarding the adoption of various accounting methods or business initiatives. Therefore, it does not