A Study on Accounts Receivables in Retail Industry
The study was conducted on the retail sector, it is mainly focused on its accounts receivables and its regulations over data collection and its collection period, descriptive research design is used in the study where the secondary data is been collected from the retail firm for the past three financial years. The study was analysed using the debt collection period and accounts receivable turnover ratio which is also known as debtors turnover ratio in order to determine its circulation over the periods and the number of times the debt is been collected within a year. The records receivables turnover proportion is utilized to locate the aggregate sum of money balance which an industry or a firm retains to provide for the owing organization.