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In accounting the term debtor collection period indicates the average time taken to collect trade debts. In other words, a reducing period of time is an indicator of increasing efficiency. It enables the enterprise to compare the real collection period with the granted/theoretical credit period.
Trade credit is the loan extended by one trader to another when the goods and services are bought on credit. Trade credit facilitates the purchase of supplies without immediate payment. Trade credit is commonly used by business organizations as a source of short-term financing. It is granted to those customers who have a reasonable amount of ...
The accounting equation plays a significant role as the foundation of the double-entry bookkeeping system. The primary aim of the double-entry system is to keep track of debits and credits and ensure that the sum of these always matches up to the company assets, a calculation carried out by the accounting equation. It is based on the idea that ...
On 20 May, less than a week before the race, three-time world champion Niki Lauda died at the age of 70, after a long period of ill health. [5] All teams had since paid tribute to Lauda on the weekend, with Mercedes, whom Lauda had been a key personnel, paid the highest tributes by painting their halos red and including a red three-pointed star ...
Drivers are on full throttle for most of the lap due to its long straights and fast corners, and is usually the scenario in which the open-wheeled Formula One cars show the raw speed of which they are capable: 372 km/h (231 mph) during the mid-2000s V10 engine formula, although in 2012 with the 2.4L V8 engines, top speeds in Formula One rarely ...
After this, an accounting period does not end other than by the expiration of 12 months from its beginning or by the completion of the winding up. [19] However, if the company later enters administration, this rule is disapplied from that point (and with an accounting period ending because the company has entered into administration). [16]
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The race was the 14th round of the 2019 Formula One World Championship and marked the 89th running of the Italian Grand Prix and the 84th time the race had been held at Monza. The Grand Prix ended with Leclerc claiming his second consecutive race win and Ferrari's first win in Italy since Fernando Alonso won the 2010 edition of the race.