A new business was set up on15-11-2008 and it commenced its business – McqOptions

MCQOPTIONS

1.	A new business was set up on15-11-2008 and it commenced its business from 1-12-2008. The ï¬rst previous year in this case shall be:
A.	a) 15-11-2008 to 31-3-2009
B.	b) 1-12-2008 to 31-3-2009
C.	c) 2008-2009
D.	d) none of the above
Answer» B. b) 1-12-2008 to 31-3-2009

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