Question

what is accounting period concept

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Answer 1

Answer:

An accounting period is a period of time covers contains accounting functions ,which can either a calender or fiscal year ,but also a week ,month or quartor etc Accounting periods are created for reporting and analyzing purposes and the accural method of accounting allows for consistent reporting

Explanation:

hope it is helpful

Answer 2

Explanation:

An accounting period is the period of time covered by a company's financial statements. ... For example, a company could have a fiscal year of July 1 through the following June 30. Its quarterly accounting periods would be July 1 through September 30, etc.

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