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On what basis are developed accounting record years-end ?

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Question ajoutée par Nadjib RABAHI , Freelancer , My own account
Date de publication: 2015/11/08
firoz tharayil
par firoz tharayil , Associate-Finance , EXL Service Pvt. Ltd.

It is the period for which books are balanced and the financial statements are prepared. Generally, the accounting period consists of months. However the beginning of the accounting period differs according to the jurisdiction. For example one entity may follow the regular calendar year, i.e. January to December as the accounting year, while another entity may follow April to March as the accounting period.