Question:

A new business was set up on 16 November 2022 and it commenced its business from 15 December 2022. The first previous year for this business is:

Updated On: Jun 22, 2024
  • 1 April 2022 to 31 March 2023
  • 16 November 2022 to 31 March 2023
  • 15 December 2022 to 31 March 2023
  • 1 April 2023 to 31 March 2024
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The Correct Option is B

Solution and Explanation

The correct option is (B):16 November 2022 to 31 March 2023
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