An aging schedule is prepared only for old accounts receivables that have been past due for more than one year.

Name: An aging schedule is prepared only for old accounts receivables that have been past due for more than one year.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An aging schedule is prepared for all accounts receivable, not just those past due for more than one year, to categorize them by their due dates (e.g., current, 30 days, 60 days, etc.) for better management of the receivables.

An Aging Schedule Is Prepared Only for Old Accounts Receivables