Section 2 PEV

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:26AM in AAT student discussion
I know we have been doing equations for ages, but hoe do you turn a number into months when a questioning is asking for stockturnover in months, age of creditors/debtors in months?

Dec 03 is a good example!!!!

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:Section 2 PEV

    You just multiply by 12
    eg. debtors/sales x12
    creditors/purchases x12
    avg stock/purchases or cost of sales x12

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