CREDITORS Definition

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CREDITORS are the entities to which a debt is owed by another entity.

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TOBIN RATIO see MARKET TO BOOK VALUE.

YEAR-END ADJUSTMENT is the process of adjusting the entry to an account at the end of the calendar or fiscal year in order to properly state it for financial statement preparation purposes. The various  required adjustments include accrual or deferral of a revenue or expense item, reclassification, to conform book figures to physical inventory counts, and reflecting unusual transactions.

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