financial year n 1.(Accounting & Book-keeping) any annual period at the end of which a firm's accounts are made up 2.(Economics) the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year ...
financial year n 1.(Accounting & Book-keeping) any annual period at the end of which a firm's accounts are made up 2.(Economics) the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year ...
The meaning of FINANCIAL YEAR is a 12-month period used by a government, business, or organization to calculate how much money is being earned, spent, etc. : (US) fiscal year.
Financial Year is a one-year period in the Indian accounting system that begins on April 1st and concludes on March 31st.
The tax year, the period of time during which annual taxes are calculated, runs from January 1 to December 31. A company's fiscal year, the period of time for which it makes its annual budget, may run for a different 12-month period....
year, and in the USA from 1 July to 30 June. The fiscal year is the basic period used by the government in assessing personalINCOME TAXand any income earned during the fiscal year is assessable to taxation at the income tax rates applicable for that fiscal year. CompareFINANCIAL YEAR. ...
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Definition:A fiscal year is the 12-month period chosen by management to be the business’ annual accounting period. In other words, this is the period of time that a business completes a fullaccounting cyclefromjournal entriesto year-endfinancial statements. ...
Definition of Fiscal year Fiscal year A 12 month period over which a company reports on the activities that appear in its annual financial statements. The 12 month period may conform to the calendar year, or end on some other date that more closely conforms to a company’s natural business ...
a financial wizard. Fiscal is used especially in connection with government funds, or those of any organization: the end of the fiscal year. Monetary relates especially to money as such: a monetary system or standard. Pecuniary refers to money as used in making ordinary payments: a pecuniary ...