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इंडियन गवर्नमेंट एग्जाम प्रेप

In general the financial year from shall be from

A 1st April of any year
B 31st March of any year
C All of them are true
D None of these
Correct Answer: A
Solution & 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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