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Trade Payables Days

Forums › ACCA Forums › ACCA FM Financial Management Forums › Trade Payables Days

  • This topic has 1 reply, 1 voice, and was last updated 6 years ago by dublinacca.
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  • February 27, 2019 at 6:48 pm #506759
    dublinacca
    Member
    • Topics: 8
    • Replies: 3
    • ☆

    What do I add and subtract to the cost of sales in the SOPL to get the figure for ‘credit purchases’ when working out the Trade Payables days? Thanks.

    February 27, 2019 at 7:10 pm #506761
    dublinacca
    Member
    • Topics: 8
    • Replies: 3
    • ☆

    Brain took a while to get going there after a long day…

    (Credit) Purchases = cost of sales + closing inv – opening inv

    Thanks.

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