An accounting period may be:
A)One quarter
B)One month
C)One year
D)All of these

Name: An accounting period may be: A)One quarter B)One month C)One year D)All of these
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Question

Quizplus · Accepted Answer

An accounting period can vary in length depending on the company, but it typically aligns with the fiscal year. A fiscal year is usually 12 months long, but it can be broken down into shorter periods like quarters (3 months) or months. Therefore, all options (A, B, and C) can be accounting periods.

An Accounting Period May Be