In Calculation of Average Due Date when days are given suppose 90 days and date of drawing is 1-4-06 then what is the average due date? in this case grace days are added or not ? so if u know then tell me please
2 Replies
triumph-CMA
(Chartered Accountant)
(503 Points)
Replied 23 November 2009
Days of grace are not added. When period is given in days.
Batul
(Article assistant)
(207 Points)
Replied 30 December 2009
The average due date will be 29th June 2006 and the grace days need not be added since the period is mentioned as number of days
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