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Receivables days

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Receivables days

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • December 8, 2020 at 1:13 pm #598407
    Buci
    Member
    • Topics: 2
    • Replies: 5
    • ☆

    Please do I lose marks for not rounding up my figures, say I get 52.7 days and I leave it that way, instead of rounding up to 53days?

    December 8, 2020 at 3:36 pm #598429
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54681
    • ☆☆☆☆☆

    You would be wrong to round up to 53 days (unless the question said to round it to the nearest day). Receivables days is an average and is unlikely to come to an exact number of days.

    December 8, 2020 at 3:52 pm #598433
    Buci
    Member
    • Topics: 2
    • Replies: 5
    • ☆

    Thank you sir!

    December 8, 2020 at 3:57 pm #598436
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54681
    • ☆☆☆☆☆

    You are welcome 🙂

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Receivables days’ is closed to new replies.

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