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Average due date
In the 8th video i.e ADD IN CASE OF LOANS in that sum the average due date 1 1 14 which dass should give loan to kumar and sons but if it is so why will kumar and sons pay interest for previous years because the date of commencement will become 1 1 14
Answers (4)
It is not date of commencement. It is a reference date for computation of interest.
Once explain is 1 1 14 the date kumar and sons should pay the amount or dass should give the amount as a loan