Question

what is a fiscal year?​

Answer 1

Answer:

it is an account year, that unlike a calander year, doesn't necessarily end on DEC 31.

it is essentially customized year 12 month period used for accounting purpose.

hope it will help u

Answer 2

Fiscal Year is a certain time period officially determined by government in various countries for accounting and tax purposes.

Explanation:

Fiscal year is usually identified as an accounting or financial time period officially determined by the government in various countries during which all the financial reports,budgetary accounts,accounting statements and economic documents are prepared and presented by the business organizations and government departments.It is the time period during which all the official tax calculations are also done and reported.Generally fiscal year occurs on an annual basis during which all the relevant financial and accounting documents are prepared and officially reported.The timeline of fiscal may vary from one country to another based on the respective government laws and regulations.