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Payment of Account
The process of settling a liability or an amount owed to a creditor, vendor, or supplier by making a cash or electronic payment.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.
Days' Sales in Receivables
A financial metric that estimates the average number of days it takes a company to collect payments after a sale has been made.
Financial Statement
A formal record of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.
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