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Accouting > Interpretation Of Accounts: Business Activity > Flashcards

Interpretation Of Accounts: Business Activity Flashcards

1
Q

Average stock

A

2
=€

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2
Q

Rate of stock turnover

A

Average stock
= x times

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3
Q

Period of credit given to debtors

A 
Trade debtors
- 
Credit sales 
X 12,52,365
= months weeks days
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4
Q

Period of credit received from creditors

A 
Trade creditors
-
Credit purchases 
X 12,52,365
= months weeks days
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Accouting (5 decks)

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