Aaron,a businessman,has a method of keeping track of accounts receivable by sorting them into groups of those that are 30,60,90,and over 90 days past due.Aaron's key in controlling receivables is to have them _____,by sorting them into groups.
A) collected
B) aged
C) merged
D) written-off

Question

Quizplus · Accepted Answer

Aged receivables are sorted by the number of days past due, which allows the business to prioritize collection efforts and focus on the most delinquent accounts first. Collecting, merging, and writing off receivables are not related to the sorting process of aged receivables.

Aaron,a Businessman,has a Method of Keeping Track of Accounts Receivable