WORK-OF-ART Definition

Bookmark and Share

WORK-OF-ART is a product of one of the fine arts; especially a painting or sculpture of artistic merit.

Learn new Accounting Terms

DAYS SALES OUTSTANDING (DS0), also known as Collection Period (period average), is a financial indicator that shows both the age, in terms of days, of a companys accounts receivable and the average time it takes to turn the receivables into cash. It is compared to company and industry averages, as well as company selling terms (e.g., Net 30) for determination of acceptability by the company. DSO is calculated: DSO = (Total Receivables/Total Credit Sales in the Period Analyzed) x Number of Days in the Period Analyzed. Note: Only credit sales are to be used. Cash sales are excluded.

ESCROW ACCOUNT see TRUST ACCOUNT.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.