ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The definition of quarter is a three-month period within a company’s financial year. It’s used for budgeting and reporting purposes. The four quarters are: January to March, April to June, July to September, and October to December. A fiscal quarter can also refer to the period of time between two fiscal years.

Detailed explanation-2: -A quarter is a three-month period on a company’s financial calendar that acts as a basis for periodic financial reports and the paying of dividends. A quarter refers to one-fourth of a year and is typically expressed as Q1 for the first quarter, etc., and can be expressed with the year, such as Q1 2022 (or Q1’22).

Detailed explanation-3: -(q) The terms “quarter” and “calendar quarter” shall mean a period of three calendar months ending on March 31, June 30, September 30, or December 31.

Detailed explanation-4: -What Is a Fiscal Quarter? According to the quarter definition, it is a three-month interval in the business year during which a company’s financial results are published. As the name suggests, a year is divided into four quarters; therefore, a public listed company can issue its four quarterly reports every year.