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Subject - Computer Sciences and IT:

General

MCQ - 136-3363

Question:

in general the financial year from shall be from

  1. 1st April of any year
  2. 31st March of any year
  3. All of them are true
  4. 31st March of any year

Correct Answer: A

Explanation:

The Balance Sheet and Income statement of companies across the Globe are usually prepared for a period of 1 year. However, the date from which this period starts varies from country to country. In India, this 1 year period starts from 1st April and ends on 31st March.

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