Question

Kelly just completed compiling a listing of her firm's accounts receivables with each invoice segregated according to the length of time the invoice has been outstanding. What is the name given to this listing?

Answer 1

Answer:

Aging schedule

Step-by-step explanation:

An aging schedule can be defined as a schedule that help to shows a company's or an organisation accounts receivables, ordered by their due dates in order for the company or organisation to see if their customers are paying on time reason been that AGING SCHEDULE enables account receivable to be summarized into separate or different time brackets which in turn rank the receivables based upon the days until due or the days past due.

In other word Aging schedule is a table that help to shows a summarized break down of accounts receivable into different time brackets in order for a company or an organisation to easily identify the customers that are extending the time it takes to collect your accounts receivable.