About preceeding previous year

sir preceeding previous year shall we consider current year or not sir
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Quick Summary
This discussion clarifies the distinction between 'Preceding Previous Year' (PPY) and 'Previous Year'. PPY refers to the financial year that comes one year before the current financial year, whereas 'Previous Year' refers to the immediately preceding financial year. It's important to differentiate these terms for accurate financial reporting and analysis.

No... It's not current year..

PPY is one year prior to the FY
Previous year is preceeding fy year

ok

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