The normal accounting period for a business is one
A) quarter.
B) year.
C) week.
D) month.

Name: The normal accounting period for a business is one A) quarter. B) year. C) week. D) month.
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Question

Quizplus · Accepted Answer

The normal accounting period for a business is typically one year, which allows for a comprehensive overview of the financial performance and position of the business over a significant period of time. This annual period is also aligned with tax reporting requirements in many jurisdictions.

The Normal Accounting Period for a Business Is One