accounting period
Definition
Period for which a firm prepares its internal or external accounts; the period covered by the financial statements. For internal accounts, it may be a month or a quarter; for external accounts it is normally a period of 12 months.
accounting period is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
accounting period appears in the definitions of the following terms:
unrecorded expense,
income,
capital allowance,
inventory usage,
average collection period,
payroll burden,
fiscal period,
net operating income,
labor cost,
general ledger
and
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