Difference between revisions of "Accounting period"
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| − | [[Accounting period]] ( | + | [[Accounting period]] (hereinafter, the ''Period'') is the period of time for which an [[income statement]] is prepared. |
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Accounting period]]. | + | :[[Accounting period]]. The period of time for which an [[income statement]] is prepared. |
==Related concepts== | ==Related concepts== | ||
Revision as of 13:25, 17 December 2018
Accounting period (hereinafter, the Period) is the period of time for which an income statement is prepared.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Accounting period. The period of time for which an income statement is prepared.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
