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Average due date
Accountancy
The due of the first bill receivable is 4-08-2020. So I took that date as my base date. But when I saw the answer, the average due date is 02-08-2020. According to the formula :- Average due date = Base date + difference in product/difference in amount. How Base date is reduced?
Answers (9)
Thread Starter
Meda JeevansaiPlz read the first point. As per that we can take any due date as Base date
Taking earliest date for convenience purpose , still in both cases answer would be same
Abhishek Purohit
Taking earliest date for convenience purpose , still in both cases answer would be same
No bro I didn't get the same answer. Because the Base date itself is greater than the average due date! If you are free ,you try once.
Thread Starter
Meda JeevansaiNo bro I didn't get the same answer. Because the Base date itself is greater than the average due date! If you are free ,you try once.
Formula will slightly get changed Base date - difference in product /difference in ammt
Abhishek Purohit
Formula will slightly get changed Base date - difference in product /difference in ammt
How to know whether to choose + or - ? :|
Thread Starter
Meda JeevansaiHow to know whether to choose + or - ? :|
Either difference in product or amount will be negative
Abhishek Purohit
Either difference in product or amount will be negative
Tnx a lot for your kind of help bro. Can you please send hi to my mail jeevansaimeda@gmail.com
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