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Days Payment Outstanding
Created Feb 27, 2020 (14:47)
by Erika Solovjova
Definition
Organization's average payable period that measures the length of time it takes for a company to pay its invoices from suppliers and other trade creditors.
Abbreviation(s)
DPO
Label(s)
Debit
Created Feb 27, 2020 (14:47)
by Erika Solovjova
Definition
An accounting entry where there is either an increase in assets or a decrease in liabilities on a company's balance sheet.
Abbreviation(s)
DR
Label(s)
Delegation of authority
Created Feb 27, 2020 (14:47)
by Erika Solovjova
Definition
Authority obtained from another that has authority since the authority does not naturally exist. In an organizational process - the manager divides his work among the subordinates and give them the responsibility to accomplish the respective tasks.
