Financial and Managerial Accounting Study Set 2
Quiz 8: Current Liabilities and Fair Value Accounting
Payables Turnover Is Measured in Number of Days.
Payables turnover is measured in number of days.
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The payables turnover is the number of times,on average,that accounts payable are paid in an accounting period.
The days' payable shows how long,on average,a company takes to pay its accounts payable.
All liabilities involve an obligation of one sort or another.
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