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Days Sales Outstanding (DSO) Days Sales Outstanding (DSO)

Accounting

Definition of DSO Days Sales Outstanding (DSO) measures the average time it takes a business to get payment from a client after a transaction....

Accounting

What is Cost Accounting? Cost accounting is a method used in business to track, analyse, summarise, and research a company’s expenses related to any...

Accounting

The majority of businesses establish credit arrangements with their suppliers or consumers, allowing customers to make purchases on account. Credit purchases speed up commercial...

Accounting

What is a Balance Sheet? A balance sheet is a statement of a company that reports assets, liabilities, and equity at a specific time....

Accounting

The balance in your checking account at the beginning of any given day is what is referred to as the ledger balance. Each day’s activity...

Accounting

An itemized inventory of all the components necessary to make or sell a product is termed a Bill of Materials (BOM). Succeeding are the...

Accounting

What Is Break-Even Point? The break even point is the level of output at which the company’s overall revenue and total expenses are the same. At...

Accounting

What is Cash Credit? Cash credit is a short-term financing source for a company. It is one kind of short-term loan extended by a bank...

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