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: Option A

Solution(By Examveda Team)

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 1^st April and ends on 31^st March.