ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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ACCOUNTING PERIOD Definition
ACCOUNTING PERIOD is the time period for which accounts are prepared, usually one year.
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COLLECTIBLE is an amount subject to or requiring payment especially as specified, e.g. a collectible bill.
DIRECTORS REPORT is written by the Directors of a company and forms part of the companys financial statements. This report must support and elaborate on the information contained in the Income Statement, Balance Sheet and Source and Application of Funds Statement.