First accounting period

Nitesh (vv) (32 Points)

11 June 2012  

What can be the accounting period for the first year of a company.

If a company is incorporated on 01.07.2009, can i take the first year to be 01.07.2009 to 31.07.2010 and then the second year to be 01.08.2010 to 31.03.2011?