What are the two approaches that can be followed in preparing interim reports?
A) Indiscrete and terminal.
B) Discrete and terminal.
C) Metric and integral.
D) Discrete and integral.
E) Discrete and metric.

Question

Quizplus · Accepted Answer

The two approaches for preparing interim reports are the discrete approach, which treats the interim period as a separate accounting period, and the integral approach, which views the interim period as part of the annual accounting period.

What Are the Two Approaches That Can Be Followed in Preparing