Question

Define Accounting period concepeआंसर ​

Answer 1

Answer:

hello dear

Explanation:

An accounting period is the span of time covered by a set of financial statements. This period defines the time range over which business transactions are accumulated into financial statements, and is needed by investors so that they can compare the results of successive time periods.

i hope it helps u

Answer 2

Answer:

If set of financial statements cover results of entire year and these called account period is one year