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Net A/Rs

It stands for net accounts receivable; a measure of receivables (accounts receivable) of an entity that represents the amounts owed...

Net Accounts Receivable

A measure of receivables (accounts receivable) of an entity that represents the amounts owed to it by its customers for...

Net Receivables

A measure of receivables (accounts receivable) of an entity that represents the amounts owed to it by its customers for...

Credit

An accounting term that is derived from the Latin word 'creditum' which means "to trust or entrust". Credit is a...

Debit

An accounting term that comes from the Latin word "debere", which means "to owe". Debit is a journal entry that...

Financing Activities

The transactions that an entity carries out involving income and expense items. Examples of financing activities or transactions include issuing…

Expense

An accounting transaction (and an element of an entity’s income statement) that reflects the consumption of an asset (broadly, an...

Quick Ratio

A liquidity ratio that expresses the ability of a company to meet its current obligations. It is a measure of…

Acid Test Ratio

A liquidity ratio that expresses the ability of a company to meet its current obligations. It is a measure of…

LCNRV

An abbreviation for lower of cost or net realizable value (NRV); it is an approach that aims to avoid reporting...