Average due date

Accountancy

For the given question, in the answer, for the no of days, they have taken 1 day instead of 0 for base date. Is this correct?

Pranaya Ramaprasad

CA Foundation

★ 0

17-May-22 21:34

408

Answers (4)

Yes, correct

Dixita Humbal

CA Foundation

★ 5

17-May-22 21:46

Its opening balance so technically balance as on 31/12

CA Suraj Lakhotia

Admin

17-May-22 21:50

31/12

Priyanka R

CA Final

★ 20K+

17-May-22 23:00

In the answer , they had clearly mentioned that "01.01.2019 is the date of brought down balance and not the date of transaction" , So 1 day from base date i.e 0101019

Avasarala Vivek Aditya

CA Inter

★ 6K+

18-May-22 10:47