The term accounting period is used to refer to the
FINANCIAL
JAMB 1994
The term accounting period is used to refer to the
- 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
Correct Answer: C. time span, usually one year, covered by financial statement
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