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Answer Posted / syed gouhr ali
All,
Due date of a document is calculated accordng to the terms
of payment and the base line date.
Terms of payment tell us what rate of discount (if any) is
entitled on various time lines.
Baseline is the date from which we start calculating the
due date. Meaning if we allow our customers a 14 days
credit period and the sales were made on the 1st of June,
the baseline would be 1st June and Due date would be the
15th June. (1st - 14th credit period, Due on 15th).
Correct me if I am conceptually wrong.
Syed Gouhr Ali.
| Is This Answer Correct ? | 11 Yes | 0 No |
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