The accounting period is:
A) a month.
B) a year.
C) the time span for which the business reports its revenues and expenses.
D) a four-monthly period.

Name: The accounting period is: A) a month. B) a year. C) the time span for which the business reports its revenues and expenses. D) a four-monthly period.
Brand: Quizplus
Rating: 4.8 (25 reviews)

Question

Quizplus · Accepted Answer

The accounting period is the time span for which a business reports its revenues and expenses. This is often 12 months, but entities may also choose to report more regularly, e.g. monthly or quarterly

The Accounting Period Is