Accounting period: the period of time, typically a year, over which an organisation records revenues and expenses, cash flows and changes in assets and liabilities. the period covered by the financial statements. At the period end the final accounts are drawn up and can be compared with the previous period. The business should keep the same accounting period to ensure consistency.
More Posts
-
A Low-cost Sensor Measures River Levels
-
Financial Incentives for Motivation
-
Seagrasses can buffer ocean acidification
-
Describe Variable Oxidation states of D-Block Elements
-
Spiders’ Webs May Act As Highly Sensitive External Eardrums
-
Crows Once again Prove their Intelligence by Showing that they Understand Zero
Latest Post
-
Top QS World University Rankings 2024
-
Nano-oscillator Achieves Record Quality Factor
-
Not Only Do Opposites Attract: A New Study Demonstrates That Like-Charged Particles Can Come Together
-
A Breakthrough in Single-photon Integration Shows Promise for Quantum Computing and Cryptography
-
Could the Sun be Conscious? Enter the Unorthodox World of Panpsychism
-
The Brains of Conspiracy Theorists Are Different: Here’s How