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easyMCQCUET Accountancy 2025 27 May Shift 22026Accountancy
1 mark

______ is the number 0 or 1 and indicates when payments are due.

  1. A
    Type
  2. B
    Nper
  3. C
    Fv
  4. D
    Pv

Solution & Step-by-step Explanation

In spreadsheet financial formulas (such as PMT, PV, FV), the argument Type takes a binary flag parameter:0 indicates payments are due at the end of the period.1 indicates payments are due at the beginning of the period.

Practice this question

Try it yourself before checking the explanation above.

______ is the number 0 or 1 and indicates when payments are due.
A
Type
B
Nper
C
Fv
D
Pv

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Computerised AccountingSpreadsheetFinancial Functions

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