Answer / kranthioracle

In general terms fiscal year is nothing but any coounting
period consisting of 12 months,

calender year also has 12 months but it is universally
defined from jan-dec, which the individual fallows

where as company fallows fiscal year(any coounting period
consisting of 12 months) it may start from jun-may, apr-mar
depending on business.

in general ledger there are 2 types of calender
fiscal, calender.
)

Answer / r.r.

fiscal calendar is legal in some countries as for example
in india the year start from the 1st april and and on 31
march so this is related to that type of conditions....

hope so ans is right...

Answer / muneer

CALANDER FALLING BETWEEN 2 YEARS
EX: APR'09 TO APR'10

in general ledger there are 2 types of calender
fiscal, NORMAL calender(FALLING IN 1 YEAR.

MUNEER

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