Did you notice the use of 360 days representing a full year - as opposed to the
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Did you notice the use of 360 days representing a full year - as opposed to the alternative of 365 days in a year? Why do you think accountants use 360 instead of 365? Wouldn't that change our result? And if so, why is 360 allowed?
Expert Answer:
The detailed answer for the above question is provided below Yes the use of 360 days as a convention ... View the full answer
Related Book For 
Processes Systems and Information An Introduction to MIS
ISBN: ?978-0133546750
2nd edition
Authors: Earl McKinney, David M. Kroenke
Posted Date:
