Question

1. What is Financial year?
a. June to April
b. July to June
(
c. January to December
d. April to March​

Answer 1

Answer:

b. July to June

Explanation:

A fiscal year is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations.

Answer 2

Answer:

d. April to March

Explanation:

The period of one year during which the taxable income has been earned is called a financial year. In our country, at present, the financial year is from 1st April to 31st March.

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