Trade Payables Days

This topic has 1 reply, 1 voice, and was last updated 7 years ago by dublinacca.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
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.
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.