Accountıng I Deneme Sınavı Sorusu #1313702

If the accounting period consists of one year and the starting and ending dates are January 1 and December 31, fiscal year will be equal to ________.

Which of the following completes the statement above?


interim period

monthly period

calender year

quarter period

semiannual period


Yanıt Açıklaması:

If the accounting period consists of one year and the starting and ending dates are January 1 and December 31, fiscal year will be equal to the calendar year. But that does not mean that it is absolutely necessary.

The correct answer is C.

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