Question: 10. A trader having accepted the following several bills falling due on different dates, now desires to have these bills cancelled and to accept a

10.A trader having accepted the following several bills falling due on different dates,

now desires to have these bills cancelled and to accept a new bill for the whole

amount payable on the average due date.

You are required to find the average due date.

11.The following is the account of Anand in the ledger of Kamlesh:

Calculate average due date and the amount of interest payable or receivable by

Anand at 6% per annum to 30th June, 2003.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To assist you with these questions I would need the specific details of the bills and their due date... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!