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BM2216 GROUP 4 DIAGNOSTIC ASSESSMENT: FINAL PERIOD (LATEST 2025/2026) ACTUAL QUIZZES & CERTIFIED ANS | GRADED A (STI)
BM2216 GROUP 4 DIAGNOSTIC ASSESSMENT: FINAL PERIOD (LATEST 2025/2026) ACTUAL QUIZZES & CERTIFIED ANS | GRADED A (STI) 
 
 
Read and analyze each item. Choose the letter of the correct answer. (50 items x 2 points) 
 
1.	An accounting period of 12 months ends on the last day of December. 
a.	Calendar year 	c. Leap year 
b.	Fiscal year 	d. Sum-of-the-year 
2.	An accounting period of 12 months ends on the last day of any month other than December. 
a.	Calendar year 	c. Leap year 
b.	Fiscal y...