SOP Definition

SOP is Statements of Position (within the AICPA or FASB) or Standard Operating Procedure.

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CASH DEBT COVERAGE RATIO is the ratio of net cash provided by operating activities to average total liabilities, called the cash debt coverage ratio, is a cash-basis measure of solvency. This ratio indicates a company's ability to repay its liabilities from cash generated from operating activities without having to liquidate the assets used in operations.

IMPREST see PETTY CASH.

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