Accounts Payable Turnover Ratio
The accounts payable turnover ratio measures how quickly a company pays its suppliers within a period. Calculated by dividing net credit purchases by average accounts payable, it shows payment efficiency and financial discipline. A high ratio indicates timely payments, while a low one may suggest cash flow challenges or delayed settlements.
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Aging Schedule
An aging schedule categorizes accounts receivable based on how long invoices have been outstanding. It groups accounts by time intervals…
Adjusted Trial Balance
An adjusted trial balance is a financial report that reflects all adjustments made after the initial trial balance. These adjustments…
Activity-Based Costing (ABC)
Activity-Based Costing (ABC) assigns overhead costs to specific activities that contribute to the production of goods or services, providing a…
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