Q53
___________are routine reports prepared at regular time interval-daily, weekly, monthly quarterly or annually.
A.
Periodic reports
AnswerB.
Formal reports
C.
Progress reports
D.
Conference reports
Answer: Option A
Solution
Answer: Option A
Solution:
Periodic reports are routine reports prepared at regular time interval-daily, weekly, monthly quarterly or annually. Periodic reporting means that company finances are reported in distinct time periods, while the time period principle means that the activities of a company can be broken down into specific, short, distinct time periods.