ABNORMAL ITEMS Definition

Bookmark and Share

ABNORMAL ITEMS see EXTRAORDINARY ITEMS.

Learn new Accounting Terms

SPENDING LEVEL is the true expenditure or cash outlay of any entity in a given category or budgetary area.

AVERAGE PAYMENT PERIOD (APP) is the number of days an entity takes to pay off credit purchases. As the average payment period increases, cash should increase as well, but working capital will remain the same. Formula: accounts payable / (total annual purchases / 360).

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.