A typical aging report groups payments that are due into which of these categories?
A) 0-30 days, 31-60 days, 61-90 days, 91-120 days, and over 121 days
B) 0-60 days, 61-120 days, 121-180 days, over 180 days
C) 0-15 days, 16-30 days, 31-45 days, 45-60 days
D) 0-45 days, 46-90 days, 91-135 days, over 135 days

Question

Quizplus · Accepted Answer

A typical aging report categorizes payments based on how long they have been due, and the intervals of 0-30 days, 31-60 days, 61-90 days, 91-120 days, and over 121 days are commonly used for this purpose.

A Typical Aging Report Groups Payments That Are Due into Which