In the area of special transactions bills of exchange, consignment, joint venture and sale of goods on approval or return basis are very important concept.
But, you know what is even more important for the finance world - it is interest. :-)
In order to calculate interest, it is easy to get completely lost if there are too many transactions and different dates on which interest need to be calculated.
But the concept of Average due date is an important technique that comes to your rescue.
watch the video below and find out the beauty of this concept.
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