Azee Products Limited offers 30-day credit terms to its customers.An age analysis of the company's receivables at 31 May 20X6 shows the following (with comparative figures for 31 May 20X5) along with the percentage of receivables in each category): Two statements have been made by the company's sales director about this age analysis:
A Credit control has generally improved over the year since May 20X5
B The position in respect of balances outstanding for between 31 and 60 days has improved since May 20X5
Which of these statements are correct?

Question

Azee Products Limited offers 30-day credit terms to its customers.An age analysis of the company's receivables at 31 May 20X6 shows the following (with comparative figures for 31 May 20X5) along with the percentage of receivables in each category):  Two statements have been made by the company's sales director about this age analysis:
A Credit control has generally improved over the year since May 20X5
B The position in respect of balances outstanding for between 31 and 60 days has improved since May 20X5
Which of these statements are correct?

Quizplus · Accepted Answer

The Answer of Azee Products Limited offers 30-day credit terms to its customers.An age analysis of the company's receivables at 31 May 20X6 shows the following (with comparative figures for 31 May 20X5) along with the percentage of receivables in each category):  Two statements have been made by the company's sales director about this age analysis:
A Credit control has generally improved over the year since May 20X5
B The position in respect of balances outstanding for between 31 and 60 days has improved since May 20X5
Which of these statements are correct?

Azee Products Limited Offers 30-Day Credit Terms to Its Customers