The length of time covered by a set of periodic financial statements is referred to as the:
A) Fiscal cycle.
B) Natural business year.
C) Accounting period.
D) Business cycle.
E) Operating cycle.

Question

Quizplus · Accepted Answer

The length of time covered by a set of periodic financial statements is referred to as the accounting period. It is typically a month, a quarter, or a year, depending on the company's reporting requirements and accounting practices.

The Length of Time Covered by a Set of Periodic