Q125
_____________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.