The term "accounting period" is used to refer to the
Question
The term "accounting period" is used to refer to the
Options
A)
time span, usually one year covered by the financial statement
B)
period within which debtors are expected to settle accounts
C)
time, span during which taxes are paid to the inland revenue board
D)
budget period, usually one year relied on by the accountant
The correct answer is A.
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