Question
Economics Question on Business and Economy
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:
A
1 April 2022 to 31 March 2023
B
16 November 2022 to 31 March 2023
C
15 December 2022 to 31 March 2023
D
1 April 2023 to 31 March 2024
Answer
16 November 2022 to 31 March 2023
Explanation
Solution
The correct option is (B):16 November 2022 to 31 March 2023