Accountancy, asked by mahiralikhan604, 1 month ago

if creditors turnover ratio is 3 times , average payment period will be ​

Answers

Answered by vidya1112
2

Solution: When complete information about credit purchases and opening and closing balances of accounts payable is given, the proper method to compute average payment period is to compute accounts payable turnover ratio first and then divide the number of working days in a year by accounts payable turnover ratio.

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