The ageing schedule is a categorisation of accounts receivable based on the length of time they have been outstanding.

Name: The ageing schedule is a categorisation of accounts receivable based on the length of time they have been outstanding.
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This statement is true. The ageing schedule categorizes accounts receivable according to how long the payments have been overdue. This helps in identifying which accounts are most likely to become bad debts and which ones require follow-up action.

The Ageing Schedule Is a Categorisation of Accounts Receivable Based