An accounting time period that is one year in length, which could, but does not need to begin on January 1, is referred to as
A) a fiscal year.
B) an interim period.
C) final reporting period.
D) a reporting period.

Question

Quizplus · Accepted Answer

A fiscal year is a one-year accounting period that does not necessarily start on January 1. It can begin on any date as long as it spans one full year.

An Accounting Time Period That Is One Year in Length