Accountancy, asked by ssv556655, 3 months ago

Elaborate different methods of ascertaining average due date

Answers

Answered by Anonymous
5

Answer:

In this method, we calculate the average due date as follows:

  • Take the first due date as the starting day or base date or “O” day for convenience. ...
  • Count the number of days from base date up to each due date.
  • Multiply the number of days by the amounts.
  • Add up the amount and products.
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