A period that the company uses for accounting purposes and preparing financial statements.
A)First quarter.
B)Fourth quarter.
C)Fiscal year.
D)End of year.
E)None.

Question

Quizplus · Accepted Answer

A fiscal year is a period of 12 months that a company uses for accounting purposes and preparing financial statements. It does not necessarily correspond with the calendar year and can start on any date.

A Period That the Company Uses for Accounting Purposes and Preparing