|
 | Hello, i am from Business news. I want to ask you some questions about accounting. Lets start with, What is accounting and how much time do you get to submit your financial report | |
|
| Accounting is a process of keeping financial accounts. The time depends on the owner, it can be done monthly, quarterly and annually. This process is called Time Period. | |
|
|
|
|
|
|
| What do you mean by Time Period | |
|
| Time period is a period of time that every accountant gets in order to finish their financial reports. For example, if the company wants it done annually, it has to be done by the end of the year. | |
|
|
|
|
|
|
| Why is it so important for every accountant to use Time Period | |
|
| Every Accountant uses Time Period because they can easily manage income and expenses and they can also manage the life of assets. It can be really easy for them because they know the exact time in which they have to submit their financial report. | |
|
|
|
|
|
