Abstract
The trading period or ‘accounting period’ of a business may cover any length of time, but it is generally one year. It is essential that the length of the accounting period should remain the same, otherwise the business cannot properly compare one period’s achievements and results with another.
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© 1989 Margaret Nicholson
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Nicholson, M. (1989). Trading and Profit and Loss Accounts and Balance Sheets. In: Accounting Skills. Palgrave, London. https://doi.org/10.1007/978-1-349-10853-4_19
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DOI: https://doi.org/10.1007/978-1-349-10853-4_19
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-49156-0
Online ISBN: 978-1-349-10853-4
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