Dates Of Financial Periods (Annual)

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| By Arshad.b.jumah
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Arshad.b.jumah
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| Attempts: 120 | Questions: 10
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1. If the start date of the financial period is 1 October 2015, the end date will be _____________________.

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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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).

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

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

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

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

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

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

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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8. If the start date of the financial period is __________________, the end date will be 31 December 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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9. If the start date of the financial period is __________________, the end date will be 30 November 2013.

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

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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If the start date of the financial period is 1 October 2015, the end...
If the start date of the financial period is 1 March 2013, the end...
If the start date of the financial period is __________________, the...
If the start date of the financial period is __________________, the...
If the start date of the financial period is 1 July 2011, the end date...
If the start date of the financial period is __________________, the...
If the start date of the financial period is 1 April 2014, the end...
If the start date of the financial period is __________________, the...
If the start date of the financial period is __________________, the...
If the start date of the financial period is 1 January 2014, the end...
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