Which report summarizes accounts payable balances by the age of the account?
A)Accounts Payable Aging Detail
B)Accounts Payable Aging Summary
C)Purchases by Vendor Summary
D)Purchases by Item Summary

Question

Quizplus · Accepted Answer

The Accounts Payable Aging Summary report provides a summary of accounts payable balances by the age of the account, typically grouped into categories such as current, 1-30 days, 31-60 days, 61-90 days, and over 90 days. The other reports listed do not provide this specific information.

Which Report Summarizes Accounts Payable Balances by the Age of the Account