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Friday, 24 April 2026
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The term "accounting period" is used to refer to the

The term "accounting period" is used to refer to the
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Time span, usually one year covered by the financial statement
  • B Period within which debtors are expected to settle accounts
  • C Time, span during which taxes are paid to the inland revenue board
  • D Budget period, usually one year relied on by the accountant
Correct Answer: Option A
Explanation:

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