The average collection period is a ratio that measures the average number of days it takes for a company to collect payment from its customers. It is calculated by dividing the average accounts receivable by average daily sales. Accounts receivable turnover, on the other hand, is a ratio that measures how quickly a company collects its receivables. It is calculated by dividing net credit sales by average accounts receivable. The relationship between these two ratios is inverse or opposite. When the average collection period increases, it means it takes the company more time to collect payment from its customers. Consequently, the accounts receivable turnover decreases because the company is collecting receivables at a slower rate.
On a bill of exchange payable at a fixed time after date, the period of limitation begins to run
According to Section 58 of the Code of Civil Procedure, 1908 (As amended). Every person detained in civil prison in execution of decree shall be so det...
Contingent contracts to do or not to do anything if an uncertain future event does not happen can be enforced__________________
A foreign company, may with the prior approval of the _____________, merge into a company registered under the Companies Act or vice versa as per sectio...
The Certifying Authority empowered to issue a Digital Signature Certificate shall have to procure a license from the ____________ to issue Digital Signa...
Acceptance to be a valid acceptance _______________
Under which Article of the Indian Constitution is the ‘Protection against Self-Incrimination’ provided for?
Section 6 of Transfer of Property Act is related to:
National Institute of MH & NS v. C. Parameshwara discusses the scope of :
As per Article 58 of the Constitution of India, the minimum age for the election of the President is________.
