Which of the following is time span into which the total life of a business is divided for the purpose of preparing financial statements?
A. Fiscal year
B. Calendar year
C. Accounting period
D. Accrual period
Answer:A
Which of the following is time span into which the total life of a business is divided for the purpose of preparing financial statements?
A. Fiscal year B. Calendar year C. Accounting period D. Accrual period