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Answer Posted / palzkumar
Pavidhra,
Where its been used...? which country is using this...????
Actually, as per Business Standard,
Fiscal Year means Apl-01 to March-31, which we considered
as Finacial Year for Indian Finacial Closing..
Western country, they do close on Dec-31, so they use
Calander Year.
Calander Year means Jan-01 to Dec-31..
In som organization, the have their own year cycle, like JC
Year (Journey Cycle), MOC Year ( Monthly Operating Cycle)
etc....
rgds,
palz
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