A new business was set up on15-11-2008 and it commenced its business from 1-12-2008. The first previous year in this case shall be:

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📊 Information systems and engineering economics

Q. A new business was set up on15-11-2008 and it commenced its business from 1-12-2008. The first previous year in this case shall be:

(A) 15-11-2008 to 31-3-2009
(B) 1-12-2008 to 31-3-2009
(C) 2008-2009
(D) none of the above

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✅ Correct Answer: (A) 15-11-2008 to 31-3-2009

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