What do you mean by fiscal year, Financial Accounting

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Q. What do you mean by Fiscal Year?

Fiscal Year - Period of 12 consecutive months chosen by an entity as its ACCOUNTING period that may or may not be a calendar year. Fixed Asset - Any tangible ASSET with a life of more than one year used in an entity's operations.

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Cst , how to account cst collected

how to account cst collected

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