what is the accounting period ?
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Answer / kiran pandit
Accounting period is the period of 12 months starting from
1st april every year & ends on 31st march of next
year.However for newly started business the accounting
period starts from the date on which the busines starts &
ends on 31st march & thereafter a normal period of 12
months.
| Is This Answer Correct ? | 39 Yes | 4 No |
Answer / mahmood
Accounting period is from Apr 1st to 31st March of every
year.
| Is This Answer Correct ? | 23 Yes | 4 No |
Answer / rajniwadhwa16
sccounting period means 1st april of previous year(let05)
to 31st march of following year(06)
| Is This Answer Correct ? | 28 Yes | 10 No |
Answer / pavana
Accounting year means starting from April 1st to the next
year march 31st.
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / mutthusekar
accounting period may be jan-dec or april to march either.
normally, for IT purpose the april-march is considered as
the accounting year i.e, previous year or assessment year.
| Is This Answer Correct ? | 16 Yes | 9 No |
Answer / saravanan
Accounting period is the period of 12 months starting from
1st april every year & ends on 31st march of next
year.However for newly started business the accounting
period starts from the date on which the busines starts &
ends on 31st march & thereafter a normal period of 12
months.
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / pratik neve
Accounting Period refers to a particular year for which the
Accounts are maintained. Generally the Accounting period
that is followed in India is from 1st April to 31st of
March.
| Is This Answer Correct ? | 8 Yes | 3 No |
Answer / rajesh
Accounting period means the period starts with 1st april of
the previous year and ended with 31st march in the current
period is called accounting period
| Is This Answer Correct ? | 7 Yes | 3 No |
Answer / sudeen kumar
Accounting period is a period of 12 months,after 12 month
all organization need to prepare and publish their financial
statements. as for IAP the period starts from 1st April to
next presiding year 31st of march. hence it helps comparing
the profits and uniformity in recording and avoids confusion
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / dharmendar singh rawat,nagpur
Accounting period is from Apr 1st to 31st March of every
year.
Accounting Period refers to a particular year for which the
Accounts are maintained. Generally the Accounting period
that is followed in India is from 1st April to 31st of
March.
| Is This Answer Correct ? | 3 Yes | 2 No |
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