Note:DAYS360
Description
DAYS360 returns the number of days between two dates based on a 360-day year (twelve 30-day months). Use this function to help compute payments if your accounting system is based on twelve 30-day months.
Syntax
DAYS360 (start_date, end_date, [ method ] )
|
Parameter |
Description |
|
start_date, end_date |
The two dates between which you want to know the number of days. |
|
Method |
A logical value that specifies whether the European or US method should be used in the calculation. If False (or omitted), the US (NASD) method is used. If True, the European method is used. The default is based on the local translation. It should be correct for your location. |
Remarks
start_date and end_date can be text strings using numbers to represent the month, day, and year (for example, "1/30/93" or "1-30-93"), or they can be serial numbers representing the dates.
If start_date occurs after end_date, DAYS360 returns a negative number.
If method is set to False and start_date is the 31st of a month, it becomes equal to the 30th of the same month. If end_date is the 31st of a month and start_date is less than the 30th of a month, the ending date becomes equal to the 1st of the next month, otherwise the ending date becomes equal to the 30th of the same month.
If method is set to True, start_dates or end_dates, which occur on the 31st of a month, become equal to the 30th of the same month.
Note:
To determine the number of days between two dates in a normal year, you can use normal subtraction--for example, "12/31/93"-"1/1/93" equals 364.
Example
DAYS360("1/30/93", "2/1/93") equals 1