Accounting and Finance Accounting, Taxation & Auditing paper-I
Dear aspirant,
Debtors Velocity(a.k.a Debtors days) is
365/Debtors turnover ratio
where debtors turnover ratio=Total Credit Sales/Average recievables
It shows the speed with which collections are made from debtors in other words the days of creditt allowed to debtors to make payment.
Credit sales should be taken and in absence of
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