Is it possible to change the accounting period during the
financial year? For eg change it from 12 to 13 months ?
Answer Posted / apps student
Yes. Accounting Period can be changed from 12 to 13. It is
done only when you have adjusting entries at the end of the
financial year. In 13th Month of Financial Year. period
Start date and end date both will be 31st Dec & 31st Dec.
| Is This Answer Correct ? | 6 Yes | 8 No |
Post New Answer View All Answers
What is the meaning holding tax?
Charge Back Setups ?
What is the procedure for requition import?
What is meaning of deprecation?
difference between tds and income tax (India)
what is the meaning of purchase default and what are the types
encumbrence set ups?
Can I do a payment of 50 bills on a post date. If yes, then how?
what is VAT claim process?
Explain Customization process?
What is Reporting of financial data in a project.
Re: While you are in implemenation what are u faced the issues ? tell me what some ap & GL issues?
difference between primary ledger and secondary ledger in r12
Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.
How do write a discoverer report to identify zero dollar suppliers/invoices where the supplier is on hold?