What does the abbreviation "EOFY" typically refer to in an office setting?

What does the abbreviation "EOFY" typically refer to in an office setting?

دفتری ترتیب میں عام طور پر "ای او ایف وائی" کا مخفف کیا ہوتا ہے؟
Answer: End of Financial Year (the closing of a company's financial accounting period)
Explanation

EOFY typically refers to "End of Financial Year".

This marking the conclusion of a company's financial accounting period.

It's a critical time for finalizing financial statements, assessing tax obligations, and preparing for the new fiscal year in businesses.

This question appeared in Past Papers (3 times)

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