SHARE PREMIUM is the difference between the higher price paid for a share of stock and the stocks par value when issued.
AVERAGE SETTLEMENT PERIOD is calculated: For Debtors = Trade Debtors X 365 days / Credit Sales
For Creditors = Trade Creditors X 365 days / Credit Purchases.
RETURNS OUTWARDS are goods bought on credit from a supplier and returned for some reason to be refunded for (Purchases returns).
Enter a term, then click the entry you would like to view.