Preparation of Account Current by Means of Product of Balances method

Accountancy

Sir, in the video you have said that consider the leap year in this problem, but in material they didn't consider the leap year, and accounted as 1 year =365 days. Which method should I follow sir???

Rupa Devi Akkala

CA Final

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26-Jul-22 18:14

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Answers (5)

2020 is a leap year. you can make such assumptions in the exam as well.

Jitendra Kumar

CA Final

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26-Jul-22 18:20

Jitendra Kumar

2020 is a leap year. you can make such assumptions in the exam as well.

But in the question, they asked to assume 1 year =365days

Thread Starter

Rupa Devi Akkala

CA Final

★ 37K+

26-Jul-22 18:23

If queasy says 365, take it 365. In the question i did , that information is excluded. Concepts must be clear

CA Suraj Lakhotia

Admin

26-Jul-22 18:24

But 2020is a leap year

Thread Starter

Rupa Devi Akkala

CA Final

★ 37K+

26-Jul-22 18:24

CA Suraj Lakhotia Admin

If queasy says 365, take it 365. In the question i did , that information is excluded. Concepts must be clear

Ok sir

Thread Starter

Rupa Devi Akkala

CA Final

★ 37K+

26-Jul-22 18:25