Time-apportion

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Revision as of 14:30, 22 November 2014 by imported>Doug Williamson (Updated entry. Source ACT Glossary of terms)
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To allocate a money amount on a time basis.

For example total profits of EUR 100,000 for a period of one year (365 days) consisting of a one month (30 days) period and an 11 months (335 days) period would be time-apportioned as follows:

One month period:

EUR 100,000 x 30/365

= EUR 8,219


11 months period:

EUR 100,000 x 335/365

= EUR 91,781


See also

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