what is the meaning of interim period?
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INTERIM PERIOD IS THE YEAR WHICH COMES ONCE IT CAN BE
TREATED AS HALFYEARLY YEAR
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Answer / somya rastogi
When there is a seasonal business and that business
requires funds for rents,payments,etc. then that is known
as an interim period.
| Is This Answer Correct ? | 2 Yes | 0 No |
When determining turnover, do you first deduct all sales returns to come to an answer or is turnover the total sales without deductions.
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