The term "accounting period" is used to refer to the
Time span during which taxes are paid to the inland revenue board
Budget period, usually one year, relied on by the accountant
Time span, usually one year, covered by financial statement
Period within which debtors are expected to settle accounts
Correct answer is C
An accounting period definition is a period of time in which a company prepares its financial report. It could be yearly, bi-annually, monthly, weekly, or daily.