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#1
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=DAYS360
Is there a reason to use this formula for an aging calculation? I would think
to just take the current date minus the date of receipt to get the actual. |
#2
Posted to microsoft.public.excel.misc
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=DAYS360
In financial calculations it is quite common to assume a 360-day year, with
12 months of 30 days. There are special rules (in at least two versions), that's why this function is useful. -- Kind regards, Niek Otten "Owen" wrote in message ... Is there a reason to use this formula for an aging calculation? I would think to just take the current date minus the date of receipt to get the actual. |
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