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Answer Posted / 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.
)
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