Aging accounts receivable refers to the process of ______.
A) determining their present value
B) determining their effect on sales
C) determining how many are still collectible and discounting them accordingly
D) determining future customer lists

Question

Quizplus · Accepted Answer

Aging accounts receivable involves categorizing receivables by their age to estimate the likelihood of collection, which helps in assessing their collectibility and making necessary adjustments, such as discounts for doubtful accounts.

Aging Accounts Receivable Refers to the Process of ______