Asked by Tanyushka Little on Jul 06, 2024
Verified
An aging of accounts receivable schedule is based on the premise that the longer the period an account remains unpaid the greater the probability that it will eventually be collected.
Aging of Accounts Receivable
A method of categorizing accounts receivable based on how long they have been outstanding.
- Comprehend the significance of an aging schedule in estimating uncollectible accounts.
Verified Answer
ZK
Zybrea KnightJul 07, 2024
Final Answer :
False
Explanation :
An aging of accounts receivable schedule is based on the premise that the longer the period an account remains unpaid, the less likely it is to be collected.
Learning Objectives
- Comprehend the significance of an aging schedule in estimating uncollectible accounts.
Related questions
(A) the Aging of Torme Designs' Accounts Receivable Is Shown ...
A Partially Completed Aging of Receivables Schedule for Lindy Designs ...
A(n) ________ Account Is an Account with Only One Charge ...
A(n) ________ Account Uses the Last Date of Payment or ...
Discuss the Two Methods for Recording Bad Debt Expense ...