an accounting measure of a firm's average collection period forDEBTS, which expresses the amount owed by firm's period-endDEBTORSas a ratio of its average daily sales. The resulting figure shows the average period that customers took to pay their debts, expressed in days. SeeCREDITORS RATIO,...
need to make any provision, so you will find minimum reference in basic accounting books but from time to time business expands and reaches the corporate level. It needs to understand the real meaning of provision and what is its importance and how can it be implemented in business accounting...
Some of the terminology involved in accounting can be confusing. The term “debtor” is simple enough – it refers to anyone who owes your business money. But what about “aged debtors report”? If you’ve heard the aforementioned term and can’t quite figure out what it means or what it...