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

WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995

WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709

Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts

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

WAEC offline past questions - with all answers and explanations in one app - Download for free

Contributions ({{ comment_count }})

Please wait...

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

Quick Questions

Can I switch from nursing to medicine and surgery in UNIABUJA in my 300L? Answer this

1 Answers · 3 hours ago
can I change institution after post utme result is out? Answer this

1 Answers · 9 hours ago
Is Imsu post utme form out? Answer this

1 Answers · 9 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