Precilla Strauss, vice-president of operations for Sturgis National Bank, has instructed the bank's computer programmer to use

Question:

Precilla Strauss, vice-president of operations for Sturgis National Bank, has instructed the bank's computer programmer to use a 365-day year to compute interest on depository accounts (payables). Precilla also instructed the programmer to use a 360 day year to compute interest on loans (receivables).

Discuss whether Precilla is behaving in a professional manner.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting

ISBN: 978-0324188004

21st Edition

Authors: Carl s. warren, James m. reeve, Philip e. fess

Question Posted: