When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
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Answer Posted / Naushad Ahmad
A fiscal year is a 12-month accounting period that does not coincide with the calendar year. When a company's accounting year ends on a day other than December 31, it has a non-calendar fiscal year. For example, a company might have a fiscal year ending on June 30 or March 31.
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