WAEC Accounting 2014 Objective — Question 35
Question 35 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.
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The accounting ratio used to measure the average number of days for which suppliers remain unpaid is
- A. stock turnover
- B. creditors' payment periodCorrect
- C. debtors collecting period
- D. return on capital employed
Explanation
Creditors' payment period is the average number of days for which creditors remain unpaid.
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