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Average due date

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?

Attachments

Screenshot_2021-03-08-16-42-51-20.jpg


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

08-Mar-21 16:47

16

Answers (9)

Best Answer

Here

Attachments

6a556e9a-8444-4591-845e-2132efe03594.jpg

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Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

08-Mar-21 17:50

Take base date as the earliest date ie.13-07-20


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

08-Mar-21 17:04

Plz read the first point. As per that we can take any due date as Base date

Attachments

Screenshot_2021-03-08-17-08-45-26.jpg


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

08-Mar-21 17:09

Plz 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

Abhishek Purohit

CA Inter

9K+

08-Mar-21 17:17

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.


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

08-Mar-21 17:19

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.

Formula will slightly get changed Base date - difference in product /difference in ammt


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

08-Mar-21 17:47

Formula will slightly get changed Base date - difference in product /difference in ammt

How to know whether to choose + or - ? :|


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

08-Mar-21 17:49

How to know whether to choose + or - ? :|

Either difference in product or amount will be negative


Abhishek Purohit

Abhishek Purohit

CA Inter

9K+

08-Mar-21 17:53

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


Meda Jeevansai

Meda Jeevansai

CA Foundation

11K+

08-Mar-21 18:02

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