Average due date

Accountancy

here 368000/2800 comes to 131.428.~132 then why round it off to 131. Because of this, there is a difference in the average due date and also in interest.

Jitendra Kumar

CA Final

★ 41K+

08-May-22 11:32

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Jitendra Kumar

CA Final

★ 41K+

08-May-22 11:35

Pls state an assumption that it is rounded to next day.

CA Suraj Lakhotia

Admin

08-May-22 11:39

Yeah institute didn't consider any decimal to next date except.5 But sir said to consider next day itself as ADD if decimal exist. Yeah the day will change and even minor interest value but the more logical is to take the next itself. You just give your assumption in answers where institute appreciate valid assumption...

Sugam SM

CA Final

★ 9K+

08-May-22 11:39

Take assumption

Priyanka R

CA Final

★ 20K+

08-May-22 18:10