Term of Day
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Term of Day
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owed to creditors, lenders, employees, or
(taxes), presented as a
of a firm. If due within 12 months, payables are shown as a short-term liability; if not, as a long-term liability.
for payables when they fall due can cause loss of
, lawsuits, penalties, or
of the firm.
letter of credi...
pro forma invoi...
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Mentioned in These Terms
payables to inventory ratio
cost of sales to payables ratio
payables to operating expenses ratio
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