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Leap year

Accountancy

If the examination question is silent about the assumption of leap year and if years like 2016,2020(leap years) appears in the question should we calculate average due date considering leap day or not . Please clarify.

lithish kumar

CA Final

★ 3K+

24-Jun-20 08:51

356

Answers (1)

Best Answer

If specific year is given like 2016 then consider it as leap year. But if it is not specifically mention as to which year, assume its not leap year. If any assumption is made, please specify the assumption clearly