Question

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What do you understand by
term financial yeart



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Answer 1

Answer:

A financial year is a period of twelve months, used by government, business, and other organizations in order to calculate their budgets, profits, and losses. Financial year is often used in business to compare with the calendar year

Explanation:

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Answer 2

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A financial year is a period of twelve months, used by government, business, and other organizations in order to calculate their budgets, profits, and losses.

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