Hi!Thank you for the concise explanation. I'm just wondering what if the notes receivable were issued not on the first day of the month? For ex., Nov 2-29, would the calculation be the same?
Hi, to calculate the interest for a number of days you can take the number of days divided by 365. So your calculation would be (Principal ($) x Interest (%) x # of days / 365 days). If you are one of my students I will never make you count the number of days - we always do full months :)
Hi!Thank you for the concise explanation. I'm just wondering what if the notes receivable were issued not on the first day of the month? For ex., Nov 2-29, would the calculation be the same?
Hi, to calculate the interest for a number of days you can take the number of days divided by 365. So your calculation would be (Principal ($) x Interest (%) x # of days / 365 days).
If you are one of my students I will never make you count the number of days - we always do full months :)
Its a great experience of learning through this videos...
so good at explaining. Very short n simple. Thanks
To fast, Why all accounting teachers assume that their students have mastermind or they already have knowledge that you are revising. ha ha
use youtube speed setting
Hell yeah brandy
OMG so good so sick