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KonstantinChe [14]
3 years ago
9

True or False. If the heading on a report reads "For the year ended June 30," we can assume that the report covers a fiscal year

and a full 12-month period.
Social Studies
1 answer:
Sonja [21]3 years ago
6 0

Answer: True

Explanation: In accounting, the heading of a report is to show if its a full years report or not.

For a report with the heading "For the year ended June 30,' it shows that the report is a one year report which is a twelve months calendar report.

For reports that are up to one year, their heading usually reads : ' A Nine months report ending 31st January' or 'A Eleven months report ending 31st March'.

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