BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The correct option is D. Calendar Year & Financial Year. Year that begins from 1st of January and ends on 31st of December, is known as Calendar Year. The year that begins from 1st of April and ends on 31st of March of the following year, is known as Financial Year.

Detailed explanation-2: -Calendar year accounting period is the accounting period that uses the calendar year, which is the common Gregorian calendar, and begins on January 1 and ends on December 31.

Detailed explanation-3: -A calendar year is a one-year period between January 1 and December 31, based on the Gregorian calendar.

Detailed explanation-4: -Fiscal calendars provide a framework for the financial activity of an organization. Each fiscal calendar contains one or more fiscal years, and each fiscal year contains multiple periods. Fiscal calendars can be based on a January 1 to December 31 calendar year, or on any dates that you select.

Detailed explanation-5: -A fiscal year is a 12-month period of time that a company or government uses for accounting purposes to measure its financial performance. A calendar year is a 12-month period of time that runs from January 1st to December 31st.