Accounting period can be defined as the time frame or time period in which the accounting and financial events of a business take place. For most of the companies the accounting period is a time span of one year or a quarter however it
An accounting period is the period with mention to which all of the financial activity is occurred, Accounting periods are basically similar and include a like amount of time. The start and end dates of those time periods can be slightly different.
Accounting period is the time span or time period in which certain financial activities and transactions take place is called an accounting period. Most commonly a year of 365 days or a quarter of the year is taken as financial period where financial activities
Definition, Explanation and Characteristics of “Depreciation” or “Accounting Depreciation”: Learning Objectives: Define and explain the terms “depreciation” or “accounting depreciation”. The value of assets gradually reduces on account of use. Such reduction in value is known as depreciation. Different authors have given different definitions