|
Accounting Period
The accounting period refers to the timespan, usually a one year period, in which a company produces a set of accounts. This will involve income, expenses and profits. The two main statements are
- A profit and loss account - Income vs Expenditure showing net profit (loss)
- Balance Sheet - A list of the liabilities and assets of a firm
Related Essays and Revision Notes
- Economics Dictionary
at Amazon.co.uk
-
Economics Dictionary
at Amazon.com