Accountancy, asked by nishiip361gmailcom, 18 days ago

prepare average due date​

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Answered by AllenGPhilip
9

Answer:

Average due date = 20-07-2016

Explanation:

Average due date =

Base date + [Total of product ÷ Total of amount]

04-07-2016 + [ 33,125 ÷ 2,075 ]

04-07-2016 + 15.96

i.e. Base date + 16 days

04-07-2016 + 16 = 20-07-2016

Average due date = 20-07-2016

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Calculation of days

From 04-07-2016 to 13-08-2016

  • 31 + 9 = 40 days

From 04-07-2016 to 08-08-2016

  • 31 + 4 = 35 days

From 04-07-2016 to 23-07-2016

  • 19 days

From 04-07-2016 to 13-09-2016

  • 31 + 31 + 9 = 71 days
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