4
QuizMultiple Choice

Topic Test

Question 4 • GA-Government-CR

A 12-month accounting period is called a

Answer
A
deficit year.
B
revenue year.
C
monetary year.
D
fiscal year.

Explanation

A fiscal year is a 12-month period an organization uses for accounting and financial reporting. Therefore, the correct choice is “fiscal year.”

AI-written and checked against the verified answer.

Previous
Next