An extension time allowed to a debtor for payment of debt is called
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it is called as Extension only
An increase in the length of time specified in a contract.
A part constituting an addition or enlargement, as in an annex to a building or an extension to a house. Addition to existing facilities.
An allowance of additional time for the payment of debts. An agreement between a debtor and his or her creditors, by which they allow the debtor further time for the payment of liabilities. A creditor's indulgence by giving a debtor further time to pay an existing debt.
An increase in the length of time specified in a contract.
A part constituting an addition or enlargement, as in an annex to a building or an extension to a house. Addition to existing facilities.
An allowance of additional time for the payment of debts. An agreement between a debtor and his or her creditors, by which they allow the debtor further time for the payment of liabilities. A creditor's indulgence by giving a debtor further time to pay an existing debt.
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An extension time allowed to a debtor for payment of debt is called credit period .
credit period formula = 365 days or 12 month divded by debtors turnover ratio
credit period formula = 365 days or 12 month divded by debtors turnover ratio
RohitSaketi:
time allowed means collection period... here he z asking extension time period know...why would he make it more complex..and further more it can't be avg collection period.. because Avg refers to
u know wat is avg right..
is it changes satisfied
fundamentally avg is wrong
ok now i changed my ans
no re still it is wrong only
answer will be extension period only, by name itself
will it be correct if say credit period
yeah.. and you should change the formula also... since it is not average
yeah.. and you should change the formula also... since it is not average
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