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What is meant by the Accounting Period Concept?
When accountants prepare financial statements, they assume that the life of the business can be divided into time periods. This is called the accounting period concept. Using this concept, accountants must determine in which period to report the revenues and expenses of the business.
What is A detailed report to management comparing budgeted data with actual data for a specific time period is called?
Performance Report.
What is the most common time period covered by an accounting report called?
fiscal year
What is accounting period conversation?
An accounting period refers to the interval between two points in time during which the financial activity of a business is measured.
What is the difference between balance sheet and financial statement if there is any........?
Balance Sheet: Balance sheet is the financial picture of an organization on a given day. while financial statement is a broader term and it can be for a very long time. financial statment is a formal record of business financial activities. it can be a day. month a year or so on. while balance sheet is just a part of a financial statement. in short balance sheet is also a finanaical statement. but finanacial statement can not be balance sheet..
What financial statement covers a period of time?
The Income Statement and the Statement of Cash Flows. Both report information presented over a period of time.
What is financial report for a period of time?
What is finacial report measures results for a period of time?
What are the conventions of a memoir?
It covers a short period of time. apex
What is meant by the Accounting Period Concept?
When accountants prepare financial statements, they assume that the life of the business can be divided into time periods. This is called the accounting period concept. Using this concept, accountants must determine in which period to report the revenues and expenses of the business.
What is the time period a budget usually covers?
a fiscal year
Which report analyzes the revenue of a practice for a specific period of time typically a month or a year?
The report that analyzes the revenue of a practice for a specified period of time typically a month or a year is known as the practice analysis report.
What are the Examples of on the spot report?
An on the spot report occurs at the time that an incident occurs and covers the facts of what happened and a beginning analysis of why it may have occurred.
What is an area of land where ground water covers the ground for a long period of time?
a marsh
What is on way in which memoir and autobiography are different?
An autobiography usually covers a longer period of time.
What goes in a work report?
The content of a work report would be quite different for different types of work and reasons for the report. Whether you're a sales manager, nurse, construction supervisor, inventory manager, police officer, or accountant; whether the report is a regularly scheduled daily, weekly, monthly, quarterly report, an incident report or an accident report, all should include the following: Date of report Person responsible for making the report Name of report or description of report contents Date or dates for period of time that the report covers Names of persons (if any) included in the report Content of report
What financial statement that summarizes the revenue and expensed for a specific period of time?
skuks as
Is a financial statement that summarizes the revenues and expenses for a specific period of time?
skuks as
