General

This query is : Resolved

Report Abuse Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

10 October 2011 what is meant by fiscal year?

CA RICHA BADALIA

CA RICHA BADALIA (Expert)
Follow

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.

Message likes : 1 times

sumit jain

sumit jain (Expert)
Follow

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