The length of time covered by a set of periodic financial statements is referred to as the____
A: Fiscal cycle.
B: Natural business year.
C: Accounting period.
D: Business cycle.
A: Fiscal cycle.
B: Natural business year.
C: Accounting period.
D: Business cycle.
C
举一反三
- There is difference between one year based on the lunar cycle and solar cycle.
- The balance sheet is one of the basic ____1____. Financial statements are the main source of financial information to persons outside the business organization and also are useful to management. These statements are very ____2____, summarizing in three or four pages the activities of a business for a ____3____period of time, such as a month or a year. They show the financial ____4____ of the business at the end of the time period and also the ____5____ by which the business arrived at this financial position.
- A balance sheet reflects the business’ financial performance for an accounting period.
- It is allowed to include another complete cycle structure in one cycle.
- The<br/>length of time between the payment for inventory and the collection<br/>of cash from receivables is called the:() A: operating<br/>cycle. B: inventory<br/>period. C: accounts<br/>receivable period. D: accounts<br/>payable period. E: cash<br/>cycle.
内容
- 0
The Lantern Festival also symbolizes the end of a cycle and a beginning of a new cycle.
- 1
1. The assumption that enables us to prepare periodic statements between the time that a business commences operations and the time it goes out of business is: A: a.time period B: b.business entity C: c historical cost D: d.transaction
- 2
Fiscal year is another term for accounting period.
- 3
A peak is the________ A: lower turning point of a business cycle when an expansion ends. B: lower turning point of a business cycle when a recession ends. C: upper turning point of a business cycle when an expansion ends. D: upper turning point of a business cycle when a recession ends.
- 4
The most important output of the accounting cycle is the financial statements.