what does it mean by (Quarter 1, Quarter 2, Quarter 3, Quarter 4)
A 3 month period for a financial year (total four quarters)will serve as a basis for reporting the profits and losses.
Most companies including all public companies report profit and loss reports on a quarterly basis.
Q1 - January, February, and March
Q2 - April, May, and June
Q3 - July, August, and September
Q4 - October, November, December
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