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Answer Posted / smitha
Accounting Year was started From April 1st because
Financial year starts From April 1st of every year and ends
in next financial yearthat is on march 31st so that the
company can report the transactions of the businesss of
that particular business and prepare a balance sheet .An by
preparing the balance sheet the aufditor will come to know
whether the company has any profit or Loss for the company
| Is This Answer Correct ? | 3 Yes | 6 No |
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