Dates Of Financial Periods (ANNUAL)

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| By Arshad.b.jumah

Arshad.b.jumah

Community Contributor

Quizzes Created: 3 | Total Attempts: 880

Questions: 10 | Attempts: 109 | Updated: Mar 15, 2023

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Dates Of Financial Periods (Annual) - Quiz

Note the financial (accounting) year may not be the same as the calendar year (Jan 1 to Dec 31).

Questions and Answers

1.

If the start date of the financial period is __________________, the end date will be 31 December 2015.
- A.
  
  31 January 2014
- B.
  
  1 January 2015
- C.
  
  1 January 2016
- D.
  
  31 January 2015
Correct Answer
B. 1 January 2015

Explanation
If the start date of the financial period is 1 January 2015, the end date will be 31 December 2015. This is because the financial period lasts for a full calendar year, and 31 December 2015 is the last day of the calendar year.

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2.

If the start date of the financial period is __________________, the end date will be 30 June 2015.
- A.
  
  30 June 2014
- B.
  
  1 July 2015
- C.
  
  1 July 2014
- D.
  
  30 June 2015
Correct Answer
C. 1 July 2014

Explanation
The start date of the financial period needs to be one year before the end date, which is 30 June 2015. Therefore, if the start date is 1 July 2014, it will be one year before the end date and satisfy the condition.

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3.

If the start date of the financial period is __________________, the end date will be 30 November 2013.
- A.
  
  30 November 2012
- B.
  
  31 October 2012
- C.
  
  1 October 2012
- D.
  
  1 December 2012
Correct Answer
D. 1 December 2012

Explanation
If the start date of the financial period is 1 December 2012, the end date will be 30 November 2013. This is because a financial period typically covers a full year, and in this case, it starts on 1 December 2012 and ends on 30 November 2013.

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4.

If the start date of the financial period is __________________, the end date will be 31 July 2018.
- A.
  
  31 July 2017
- B.
  
  1 July 2017
- C.
  
  1 August 2017
- D.
  
  1 August 2018
Correct Answer
C. 1 August 2017

Explanation
The end date of the financial period will be 31 July 2018 if the start date is 1 August 2017.

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5.

If the start date of the financial period is __________________, the end date will be 30 April 2016.
- A.
  
  1 May 2015
- B.
  
  1 April 2016
- C.
  
  30 April 2015
- D.
  
  30 March 2015
Correct Answer
A. 1 May 2015

Explanation
The start date of the financial period is 1 May 2015 because if the end date is 30 April 2016, then the start date would be one year before that.

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6.

If the start date of the financial period is 1 January 2014, the end date will be _____________________.
- A.
  
  31 December 2015
- B.
  
  31 December 2014
- C.
  
  1 February 2014
- D.
  
  31 January 2014
Correct Answer
B. 31 December 2014

Explanation
The financial period typically covers a full year, so if the start date is 1 January 2014, the end date would be 31 December 2014.

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7.

If the start date of the financial period is 1 July 2011, the end date will be _____________________.
- A.
  
  30 June 2012
- B.
  
  1 July 2012
- C.
  
  30 June 2011
- D.
  
  31 December 2011
Correct Answer
A. 30 June 2012

Explanation
The financial period starts on 1 July 2011, which suggests that it follows a fiscal year calendar. A fiscal year typically ends on the last day of the month preceding the start date of the next fiscal year. Therefore, the end date of the financial period would be 30 June 2012.

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8.

If the start date of the financial period is 1 April 2014, the end date will be _____________________.
- A.
  
  1 April 2015
- B.
  
  1 May 2014
- C.
  
  30 March 2014
- D.
  
  30 March 2015
Correct Answer
D. 30 March 2015

Explanation
The end date of the financial period is determined by subtracting one year from the start date. In this case, the start date is 1 April 2014, so subtracting one year would give us 1 April 2013. However, since there is no 1 April 2013 option, we need to subtract one day from the start date to get the end date. Therefore, the correct answer is 30 March 2015.

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9.

If the start date of the financial period is 1 October 2015, the end date will be _____________________.
- A.
  
  31 October 2015
- B.
  
  30 September 2015
- C.
  
  30 September 2016
- D.
  
  1 October 2016
Correct Answer
C. 30 September 2016

Explanation
The end date of the financial period will be 30 September 2016 because a financial period typically covers a full year, and in this case, it would start on 1 October 2015 and end on 30 September 2016.

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10.

If the start date of the financial period is 1 March 2013, the end date will be _____________________.
- A.
  
  30 April 2013
- B.
  
  1 March 2014
- C.
  
  28 February 2014
- D.
  
  31 March 2014
Correct Answer
C. 28 February 2014

Explanation
The end date of the financial period will be 28 February 2014 because a financial period typically covers a full year, and in this case, it starts on 1 March 2013 and ends on the last day of February 2014.

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Current Version
Mar 15, 2023

Quiz Edited by
ProProfs Editorial Team
May 27, 2016

Quiz Created by
Arshad.b.jumah

Dates Of Financial Periods (Annual)

If the start date of the financial period is __________________, the end date will be 31 December 2015.

If the start date of the financial period is __________________, the end date will be 30 June 2015.

If the start date of the financial period is __________________, the end date will be 30 November 2013.

If the start date of the financial period is __________________, the end date will be 31 July 2018.

If the start date of the financial period is __________________, the end date will be 30 April 2016.

If the start date of the financial period is 1 January 2014, the end date will be _____________________.

If the start date of the financial period is 1 July 2011, the end date will be _____________________.

If the start date of the financial period is 1 April 2014, the end date will be _____________________.

If the start date of the financial period is 1 October 2015, the end date will be _____________________.

If the start date of the financial period is 1 March 2013, the end date will be _____________________.