AVERAGE SETTLEMENT PERIOD Definition

Bookmark and Share

AVERAGE SETTLEMENT PERIOD is calculated: For Debtors = Trade Debtors X 365 days / Credit Sales
For Creditors = Trade Creditors X 365 days / Credit Purchases.

Learn new Accounting Terms

CFD see CONTRACT FOR DIFFERENCE.

OPENING BALANCE is the balance of an account at the start of an accounting period.

Suggest a Term

Enter Search Term

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