A new business was set-up on 1st July, 2020 and trading activity was commenced from 1st September, 2020, the previous year would be the period commencing from ……….
A. 1st April, 2020 to 31st March, 2021
B. 1st July, 2020 to 31st March, 2021
C. 1st September, 2020 to 31st March, 2021
D. 1 st October, 2020 to 31 st March, 2021
Answer:B
A new business was set-up on 1st July, 2020 and trading activity was commenced from 1st September, 2020, the previous year would be the period commencing from ……….
A. 1st April, 2020 to 31st March, 2021 B. 1st July, 2020 to 31st March, 2021 C. 1st September, 2020 to 31st March, 2021 D. 1 st October, 2020 to 31 st March, 2021