What is AVERAGE PAYMENT METHOD?

The time a company is required to pay on their purchases. The purchases are turned into accounts payable.

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Related Legal Terms
AVERAGE PAYMENT PERIOD, METHOD OF PAYMENT, WEIGHTED AVERAGE METHOD, MOVING AVERAGE INVENTORY METHOD, AVERAGE COST (AVCO) METHOD, NET METHOD OF RECORDING ACCOUNTS PAYABLE, EQUITY METHOD, GROSS RECORDING METHOD, PREAUTHORIZED PAYMENT, PURCHASE METHOD


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