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September 5, 2015

Homework Help: accounting

Posted by James on Wednesday, February 20, 2008 at 5:39pm.

Payment Lag- The lag between purchase date and the date at which pay is due is known as term lag. The lag between the due date and the date on which the buyer actually pays is termed due lag,and lag between the purchase and actually payment dates is the pay lag.

Pay lag = term lag + due lag

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