Question

Every insurance company in india is required to close its account every year on
A) 31st March
B)30th March
C) 30th September
D) 31st December​

Answer 1

Answer:

d 31st DECEMBER SANA MAKA TULONG

Answer 2

D. On 31st December every insurance company in India is required to close its account every year

Explanation:

• A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting.
• To prepare the general ledger accounts for financial statement presentation and for the start of the next accounting process