CREDITORS TURNOVER Definition

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CREDITORS TURNOVER = Average creditors / (Credit Sales / 365).

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PROBABLE an event happening is probable if it is uncertain but likely to happen.

COMBINED FINANCIAL STATEMENT is a financial statement that merges the assets, liabilities, net worth, and operating figures of two or more affiliated companies. A combined statement is distinguished from a consolidated financial statement of a company and subsidiaries, which must reconcile investment and capital accounts.

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