Accounting period
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.
