When you start a new fiscal period,the fiscal end date is automatically advanced -
A)to create a new fiscal period of one year
B)to the end of the calendar year for the new start date
C)to match your previous fiscal period,i.e. ,by three months if you had a quarterly period before
D)to the new fiscal start date

Question

Quizplus · Accepted Answer

The fiscal end date is automatically advanced to create a new fiscal period of one year, ensuring that each fiscal period covers a full year for accounting and reporting purposes.

When You Start a New Fiscal Period,the Fiscal End Date