Asked by
jasneet bhatti
on Nov 15, 2024
Verified
Which of the following is not generally an accounting time period?
A) a week
B) a month
C) a quarter
D) a year
Accounting Time Period
The span of time covered by financial statements, typically a fiscal quarter or year, during which all financial transactions are recorded and reported.
Quarter
A three-month period on the financial calendar that acts as a basis for periodic financial reporting and dividends.
- Familiarize oneself with the need and methodology for adjusting and closing entries preceding the creation of financial statements.
Verified Answer
JP
Learning Objectives
- Familiarize oneself with the need and methodology for adjusting and closing entries preceding the creation of financial statements.