Kortfaktura redovisningskonto

English translation: credit card invoices payable

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Swedish term or phrase:Kortfaktura redovisningskonto
English translation:credit card invoices payable
Entered by: Peter Linton
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13:21 Jan 23, 2003
Swedish to English translations [PRO]
Bus/Financial
Swedish term or phrase: Kortfaktura redovisningskonto
I en balansräkning, inom kortfristiga fordringar. This term is not in my FAR dictionary. Something like 'short-term bills payable'?
Peter Linton
Local time: 14:57
from credit card - bills payable,
Explanation:
'kortfaktura' refers to an account where you accumulate your debt - normally for a month - and pay through a bill at the end of each month. I reckon this for some type of companies is reason for giving it a dedicated row in their balance sheet..

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Note added at 2003-01-23 13:46:40 (GMT)
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and I should of course also have said: you accumulate your debt by using a \"kort\" (kreditkort, betalkort, medlemskort etc) credit card, debit card, membership card etc.

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Note added at 2003-01-23 15:07:46 (GMT)
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hmmm. I was too quick here. I see now that this is an item on assets side of the balance sheet. So it must be referring to \'receivables\' - not payables. Sorry about this error, Lars Peter.
Selected response from:

Glenn Viklund
Albania
Local time: 15:57
Grading comment
Glenn, you're a star. And psychic. Investigation showed that this item was after all on the liabilities side, and therefore your answer was right.
4 KudoZ points were awarded for this answer



Summary of answers provided
4from credit card - bills payable,
Glenn Viklund


  

Answers


13 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
from credit card - bills payable,


Explanation:
'kortfaktura' refers to an account where you accumulate your debt - normally for a month - and pay through a bill at the end of each month. I reckon this for some type of companies is reason for giving it a dedicated row in their balance sheet..

--------------------------------------------------
Note added at 2003-01-23 13:46:40 (GMT)
--------------------------------------------------

and I should of course also have said: you accumulate your debt by using a \"kort\" (kreditkort, betalkort, medlemskort etc) credit card, debit card, membership card etc.

--------------------------------------------------
Note added at 2003-01-23 15:07:46 (GMT)
--------------------------------------------------

hmmm. I was too quick here. I see now that this is an item on assets side of the balance sheet. So it must be referring to \'receivables\' - not payables. Sorry about this error, Lars Peter.


    prof. exp.
Glenn Viklund
Albania
Local time: 15:57
Native speaker of: Native in SwedishSwedish
PRO pts in pair: 450
Grading comment
Glenn, you're a star. And psychic. Investigation showed that this item was after all on the liabilities side, and therefore your answer was right.
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