Ledger Question: Download Ledger PDF

Tell me what is fiscal year? Compare it with normal year?

Tweet Share WhatsApp

Answer:

Fiscal Year means the financial year .In india it is April to march. In singapore it is July to june. In hongkong it is Jan to dec.
Normal year is nothing but english calendar year jan to dec. If the company operating more than countries and it faces such a situation changes in finacial year , they will go for comparison analyis. in such that case the company may suggests all the country to follow the uniform year for make a conclusion.

Download Ledger PDF Read All 59 Ledger Questions
Previous QuestionNext Question
Explain what is an account assignment model & where is it used? What are the transaction codes for Account Assignment Model?Tell me which items belong in balance sheet statement and do not appear in income statement?