Reporting friday
This query is : Resolved
21 November 2013
what is the meaning of
'LAST FRIDAY OF SECOND PRECEEDING FORTNIGHT'
in audit of Banks
21 November 2013
lets go by an example:
Today is 21 November 2013 (Thursday)
Preceding fortnight was from 2.11.2013 (Saturday) to 15.11.2013 (Friday).
Second preceding fortnight was from 18.10.2013 (Saturday) to 1.11.2013 (Friday).
Hence last Friday of second preceding fortnight was 1.11.2013
I hope this clarifies the concept.
Today is 21 November 2013 (Thursday)
Preceding fortnight was from 2.11.2013 (Saturday) to 15.11.2013 (Friday).
Second preceding fortnight was from 18.10.2013 (Saturday) to 1.11.2013 (Friday).
Hence last Friday of second preceding fortnight was 1.11.2013
I hope this clarifies the concept.
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