The term "accounting period" is used to refer to the

Accounts - Principles of Accounts

JAMB 1994

A. time span during which taxes are paid to the inland revenue board
B. budget period, usually one year, relied on by the accountant
C. time span, usually one year, covered by financial statement
D. period within which debtors are expected to settle accounts

JAMB CBT Mobile App 2025 - Free Download

JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!

Myschool's prices for products & services are going up again in February - Buy what you need now

Correct Answer: Option C

Explanation

An accounting period definition is a period of time in which a company prepares its financial report. It could be yearly, bi-annually, monthly, weekly, or daily.

Go back to Acc classroom

Report an Error Ask A Question Download App

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

what kind of engineering should I study petroleum or marine engineering 🤔? Answer this

3 Answers · Engineering · 3 days ago
Is there a general formula for solving area of polygons? Answer this

0 Answers · 6 hours ago
can I write economics, commerce, mathematics and use of english in jamb? Answer this

0 Answers · Accounting · 7 hours ago

The term "accounting period" is used to refer to the

Correct Answer: Option C

Explanation

Contributions ({{ comment_count }})

Please wait...

Modal title

Report

Block User

{{ feedback_modal_data.title }}

Quick Questions

Post your Contribution

Sign In