Forums
Average due date
Accountancy
Sir can you explain this question.
Answers (22)
Thread Starter
siva chaitanyaThis is my answer
3.125 years. It is not 3 years and 0.125 months... 0.125 should be multiplied by 365 in order to get days and by 12 in order to get months. Why did you multiply by 30?
Sriram Somayajula Admin
3.125 years. It is not 3 years and 0.125 months... 0.125 should be multiplied by 365 in order to get days and by 12 in order to get months. Why did you multiply by 30?
Mam, then in illustration 11 they gave 3.556 months as 3 months and 17 days (0.556Ã?30)
Thread Starter
siva chaitanyaMam can you please tell how to compute. Only that one I have doubt in that lesson.
0.125 years = 0.125 x 12 months = 1.5 months you can take it as either 1.5 months or 45 days
Sriram Somayajula Admin
0.125 years = 0.125 x 12 months = 1.5 months you can take it as either 1.5 months or 45 days
Mam when we take 45 days from 1-1-18 then it will be in mid of feb but answer given is 1-3-18
Thread Starter
siva chaitanyaMam when we take 45 days from 1-1-18 then it will be in mid of feb but answer given is 1-3-18
In what way does the name "Sriram" sound like the name of a lady to you? Secondly please see the ICAI solution - they have rounded off 37.5 months to 38 months. That is not correct - it should be 37.5 months
Sriram Somayajula Admin
In what way does the name "Sriram" sound like the name of a lady to you? Secondly please see the ICAI solution - they have rounded off 37.5 months to 38 months. That is not correct - it should be 37.5 months
Sir, I took number of years for calculation and not months
Thread Starter
siva chaitanyaMam when we take 45 days from 1-1-18 then it will be in mid of feb but answer given is 1-3-18
U told 1.5 months from 1-1-18 no sir then why you took months again sir
Thread Starter
siva chaitanyaSir can you please answer the question
I said either 45 days or 1.5 months depending on what the question asks . Pls read my response carefully
Thread Starter
siva chaitanyaYes sir I understood but my doubt is 45 days from 1st March is in mid of feb but due date given is 1st March
45 days from 1st january is in mid of feb but avg due date given in material is 1st March
Thread Starter
siva chaitanyaYes sir I understood but my doubt is 45 days from 1st March is in mid of feb but due date given is 1st March
Firstly it is 45 days from jan 1st and not March 1st That is mid feb Secondly I already told you institute material rounded of 37.5 months to 38 months and hence mid feb is rounded off to March 1st Not sure what is your confusion Please read all messages carefully and see ICAI solution.
Courses
Course Guides
Offerings
CIN: U74999TG2017PTC116012 | GSTIN: 36AAECI4332C1Z0 | PAN: AAECI4332C