Average collection period
Average collection period means the average amount of time that a receivable is outstanding; calculated by dividing 365 days by the accounts receivables turnover ratio.
Category: Accounting & Auditing
Previous: ← Dishonored note
Next: Plant assets →
More from this Section
- Revenue recognition principle
The revenue recognition principle refers to the principle that companies recognize revenue ... - Payroll deductions
Payroll deductions refer to deductions form gross earnings to determine the amount of ... - Right of stockholders
Stockholders have the right to Vote in election of board of directors at annual meeting ... - Mixed costs
Mixed costs are costs that contain both a variable and a fixed costs element and change ... - Cost method
Cost method is an accounting method in which the investment in common stock is recorded ...