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A Periodic report is done at specific time periods like monthly, annually, biweekly while a special report can be done without any time period in mind. When something specific happens that doesn't normally happen or when some information comes out that a person wouldn't want to wait to report in the periodic report then they do a special report.

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Q: Distinguish between a periodic report and special report?
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i dont know the anwer so just go with the flow dude.