Question

If payments is made on the average due date it result in​

Answer 1

Answer:

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➢ When interest is chargeable on drawings, and drawings are on different dates, interest may be calculated on the basis of Average Due Date of drawings. State with reasons, whether the following statements are true or false: (a) If payment is made on the average due date, it results in loss of interest to creditors.

Answer 2

Answer:

➢ When interest is chargeable on drawings, and drawings are on different dates, interest may be calculated on the basis of Average Due Date of drawings. State with reasons, whether the following statements are true or false: (a) If payment is made on the average due date, it results in loss of interest to creditors.

Explanation:

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