Fiscal year is another term for accounting period.
举一反三
- The length of the usual accounting period is ( ) . A: haif a year B: one year C: two years D: three years
- The most basic accounting period is ( ) A: a month B: a week C: a quarter D: a year
- 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.
- Generally, the U-curve pattern comprises four stages: _______ period, ______ period, _______ period, and ________ period.
- Given diminishing marginal utility of income, more income in one period can not ___________for lower income in another period. A: offsets B: compromises C: compensates D: compliments