Question :
A) 1st April of any year
B) 31st March of any year
C) All of them are true
D) None of these
Answer : A
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
Answer : A
Description :
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.
Related Questions - 1
Which ledger is created by Tally automatically as soon as we create a new company
A) Cash
B) Profit ; Loss A/c
C) Capital A/c
D) A and B both
Related Questions - 2
Which of the following is the example of external users of accounting information
A) Government
B) Owners
C) Management
D) Employee
Related Questions - 3
Default ledger accounts in tally are ________
A) Balance sheet profit & loss and trial balance
B) Profit & loss and trial balance
C) Cash and profit & loss accounts
D) Cash and bank accounts
Related Questions - 4
We can change the Company Information from
A) A Company Info > Back up
B) Company Info > Alter
C) Company Info > Split Company Data
D) None of these
Related Questions - 5
Party account can be created through
A) Group creation window
B) Ledger creation window
C) Inventory creation window
D) Any one of them