AVERAGE SETTLEMENT PERIOD Definition

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

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LITAS (LITAI, LITU) is a currency of Lithuania.

NON-DISCRETIONARY means it is mandatory, not up to the individual or company.

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