Which of the following is time spann into which the total life of a business is divided for the purpose of preparing financial statements?

Fiscal year
Calendar year
Accounting period
Accrual period

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 3

Accounting period is time spann into which the total life of a business is divided for the purpose of preparing financial statements. This period defines the time range over which business transactions are accumulated into financial statements, and is needed by investors so that they can compare the results of successive time periods.

4 views Answered 2022-09-01 13:21

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