Asked by

Kathleen Cervantes
on Nov 15, 2024

verifed

Verified

A detailed analysis of Accounts Receivable to determine how long each account has been outstanding is called:

A) aging the Accounts Receivable.
B) aging the uncollectible accounts.
C) analyzing the Accounts Receivable.
D) taking a percentage of sales on account.

Aging

A method used in accounting to categorize a company's accounts receivables according to the length of time an invoice has been outstanding.

Accounts Receivable

The funds owed to a company by customers for goods or services delivered or used but not yet paid for.

Detailed Analysis

An in-depth examination or investigation into a subject, situation, or set of data to understand it thoroughly or find specific insights.

  • Develop skills in performing aging analysis for accounts receivable to estimate future uncollectibles.
verifed

Verified Answer

AS
Alexi SakataNov 15, 2024
Final Answer:
Get Full Answer