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Hello, Could you please help me with the following questions: As the formula for the Accounts Payable Settlement days : (Average Creditors/ Credit Purchases)*365 And

Hello,

Could you please help me with the following questions:

As the formula for the Accounts Payable Settlement days : (Average Creditors/ Credit Purchases)*365

And when to find Average Creditors, We need to calculate by: (Opening Creditors balance + Closing Creditors Balance) / 2

May I know how can I calculate the Average Creditors when it is the year 1 of the business, which is like the starting of the business?

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