The Payables Turnover Is the Number of Times,on Average,that a Company

question 179

True/False

The payables turnover is the number of times,on average,that a company pays its accounts payable in an accounting period.

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Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a certain time period.

Equity

The residual interest in the assets of an entity after deducting liabilities, often referred to as shareholder's equity or owner's equity.