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Nagalakshmi

· started a discussion

· 1 Months ago

(Question: 181585.0 )

Question:

Which of the following sectors will benefit from the shifting of financial year to January – December?

Options:
A)

Agriculture

B)

Construction

C)

Budgeting

D)

All of these

E)

Only a and b

Solution:

Agriculture and construction will benefit the most, according to the financial experts. In case of a drought, which happens between June and September, a change in the accounting period from January to December will help in better budgeting. If the Union budget is presented in November, then early allocations will help the agro-economy and farmers. Similarly with the budget being presented in April, funds are allocated for construction by May-end or June-beginning, which is very close to monsoon. This affects construction. The budget will have to be presented at a different time, but, it won’t be benefitted as such.

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