The True Statement Concerning the Accounting Period Is

question 14

Multiple Choice

The true statement concerning the accounting period is:

• A)The length of the accounting period varies with the needs of users.
• B)The accounting period originates from the accounting equation
• C)Accounting periods are hardly ever shorter than 6 months
• D)The accounting period is the sequence of events from transactions through to financial statements

---

Definitions:

Underlining

The process of drawing a line beneath text to emphasize or highlight it.

Organization

The act of structuring or arranging parts or elements of something systematically for efficiency or clarity.

Interest

A charge for borrowed money, generally a percentage of the amount borrowed or the enthusiasm for or attention dedicated to a particular subject or activity.

Energy Level

The degree of vitality or physical and mental stamina an individual has available for activities.