how to set value for string field having choices using fix script

[Apoorva Kadu]

I want to insert a record with fiscal year field value, on form it is choice field but in backend it's a string 

tableRec = new GlideRecord('cost_plan');
tableRec.initialize();
tableRec.name = 'Test costplan4';
tableRec.task = 'ff80cc231bb3f89c2473eb19b04bcb43';
tableRec.u_fiscal_year = 'FY-22/23'; // if am giving direct choice value it is coming in blue color 

OR

tableRec.u_fiscal_year = 'af36cf62dbad9c509a88b1b239961937';  //if am giving sys_id of (FY-22/23) then sys_id is coming in the field.
tableRec.insert();

What is the correct method to insert choice from choice list 

[Ankur Bawiskar]

@Apoorva Kadu 

Hope you are doing good.

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