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An accounting time period that is one year in length but does not begin on January 1 is referred to as?
Wiki User
∙ 14y ago
a fiscal year
Wiki User
∙ 14y ago
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What is a accounting period of twelve months duration usually referred to as?
fiscal year
Every business needs to choose an annual accounting period that goes for how long?
Most businesses choose to run there annual accounting according to a standard fiscal year of January 1st to December 31st. However, a business annual accounting period can start and end whenever it wants to.
What is accounting period concept?
Accounting period is the minimum time period for which comany prepare it's books of accounts.
Accounting period concept?
account period accounting period depends on the person carrying the business. Normaly it starts from 1st april. people may have calendar year as an accounting year.
Does The cash basis of accounting commonly results in financial statements that are not comparable from period to period?
Cash is the main transaction in an accounting , it will affect from period to period in financial statement
What is a accounting period of twelve months duration usually referred to as?
fiscal year
Every business need to choose an annual accounting period that for how long?
Most businesses choose to run there annual accounting according to a standard fiscal year of January 1st to December 31st. However, a business annual accounting period can start and end whenever it wants to.
Every business needs to choose an annual accounting period that goes for how long?
Most businesses choose to run there annual accounting according to a standard fiscal year of January 1st to December 31st. However, a business annual accounting period can start and end whenever it wants to.
What is accounting period concept?
Accounting period is the minimum time period for which comany prepare it's books of accounts.
Accounting period concept?
account period accounting period depends on the person carrying the business. Normaly it starts from 1st april. people may have calendar year as an accounting year.
Does The cash basis of accounting commonly results in financial statements that are not comparable from period to period?
Cash is the main transaction in an accounting , it will affect from period to period in financial statement
What is time interval concept?
In Accounting, also known as the Accounting Period Concept. Where business operation can be divided into specific period of time such as a month, a quarter or a year(accounting period) Final accounts are prepared at the end of the accounting period ie one year. Internal accounts can be prepared monthly, quarterly or half yearly.
What factor has the greatest effect on the period of a pendulum?
Assuming the pendulum referred to s asimple pendulum of an arm and a weight the major factors on the period are the local attraction of gravity and the length of the arm.
Is accounting staff salary a period cost or a product cost?
Accounting staff are considered executive costs which would be a period cost.
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 Gestation period for pheasant eggs?
The term "gestation length" refers to mammals. Pheasants are birds, not mammals. So the number you are looking for is more commonly referred to as "time to hatching" or perhaps "incubation length."
Why are closing entries required at the end of an accounting period?
The closing entries in an accounting period are important because they will be used as opening entries in the next period. They help people to calculate the balances and accruals of a predetermined period.
