JAMB Accounting 2022 Objective — Question 2
Question 2 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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2. The term 'accounting period' means
- A. (A) time covered by financial statementCorrect
- B. (B) time span in which taxes are due
- C. (C) time span for a budget
- D. (D) time span in which management is formed
Explanation
An accounting period is the period of time covered by a financial statement, usually twelve calendar months.
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