Question
Bev Wynn, vice president of operations for Dillon County Bank, has instructed the banks computer programmer to use a 365-day year to compute interest on
Bev Wynn, vice president of operations for Dillon County Bank, has instructed the banks computer programmer to use a 365-day year to compute interest on depository accounts (liabilities). Bev also instructed the programmer o use a 360-day year to compute interest on loans (assets).
Discuss whether Bev is behaving in a professional manner.
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Frank Woods Business Accounting Volume 1
Authors: Alan Sangster Lewis Gordon Frank Wood
14th Edition
1292208627, 9781292208626
