Math, asked by sutrikasahu0404, 3 months ago

The period from 1st April to 31st March is taken as financial year. (ture or false )

Answers

Answered by sambhavi875

6

Answer:

True

India was under British control for around 150 years, who followed the accounting period of April to March. After the East India Company started to rule, they applied the same concept in India. Hence, financial year is from April to March in India also. After Independence, the Indian Govt didn't change this pattern.Mar 23, 2019.

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