Accountants generally use __________ to assess the ultimate collectability of accounts receivables and estimate the allowance for doubtful accounts.
A) customer credit scores
B) aging receivables analysis
C) analysis of receivables by customer size
D) customer profitability

Question

Quizplus · Accepted Answer

Aging receivables analysis is a common method used by accountants to assess the collectability of accounts receivable. It categorizes receivables based on how long they have been outstanding, helping to estimate the allowance for doubtful accounts more accurately.

Accountants Generally Use __________ to Assess the Ultimate Collectability of Accounts