Examlex
If the accounts receivable turnover ratio increases,the number of days it takes to collect the receivables also increases.
Cash Payments
Payments made in the form of currency or check to settle a transaction or account.
Ledger
A comprehensive collection of a company's financial accounts where journal entries are summarized and recorded.
Increase Side
Refers to the column in accounting or financial records where increases in the value of an account are recorded.
Nature of Account
This describes the fundamental characteristics and purpose of an account in accounting, such as whether it's an asset, liability, revenue, expense, or equity account.
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