The process of classifying accounts of individual customers by age group, where age is the number of days elapsed from due date is specifically called:

A) balance sheet approach.
B) income statement approach.
C) direct writeoff method.
D) aging of Accounts Receivable approach.

Aging of Accounts Receivable

The process of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Age Group

A classification of people based on their age, often used in demographics and marketing.

Number of Days

Often refers to the time period used in finance and accounting to calculate interest, production times, or deadlines.