Question

Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. She also wants to chart out all of her financial transactions for the past federal fiscal year. What duration should Jillian consider to calculate her finances? Jillian should calculate her transactions from the month of _____ to the month of _____ of the next year, which is the federal fiscal year.

Answer 1

The correct answer is; October 1st and September 30th.

Further Explanation:

There are approximately 3 types of fiscal years. They are;

1. Business
2. Federal
3. Non-profit

The federal fiscal year always starts on October 1st and will end on September 30th the following year. These are divided into four quarters each year. This will cover a 12 month calendar year.

A fiscal year can contain 365 or 366 days depending if there is a leap year. This is used as a starting place to start commencing your record keeping in order and when to conclude for the year.

When keeping financial records numerous things needs to be kept for the following year. Some of the things that needs to be kept are; precise records, receipts, contracts, check stubs, and the budget used.

Learn more about the fiscal year at brainly.com/question/13648773

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