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This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 October 2011
what is meant by fiscal year?
CA RICHA BADALIA
(Expert)
10 October 2011
Financial year is also called Fiscal Year .It is the period used by Companies or others for accounting purpose and preparing financial statements.
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sumit jain
(Expert)
10 October 2011
Richa Ma'am it's not to offend you..
But I think that fiscal year is the period from 1st of april to 31st of march (which can be followed as financial year)
However companies may follow a financial year different from a fiscal year (Eg: 1st jan to 31st dec etc)
Please correct if I am wrong
But I think that fiscal year is the period from 1st of april to 31st of march (which can be followed as financial year)
However companies may follow a financial year different from a fiscal year (Eg: 1st jan to 31st dec etc)
Please correct if I am wrong
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