Asked by
AMIRIAH HOLMES
on Nov 15, 2024
Verified
A fiscal year is always January 1 through December 31.
Fiscal Year
A one-year period that companies and governments use for accounting purposes and preparing financial statements, which may or may not align with the calendar year.
- Identify the meaning and various kinds of accounting periods, encompassing both calendar and fiscal years.
Verified Answer
KP
Learning Objectives
- Identify the meaning and various kinds of accounting periods, encompassing both calendar and fiscal years.