An aging schedule that shows only the percentage of receivables for 0-30 days,31-60 days,61-90 days,and over 90 days is referred to as a/an
A) Macro-aging schedule
B) Micro-aging schedule
C) Current-aging schedule
D) Future-aging schedule

Question

Quizplus · Accepted Answer

A macro-aging schedule provides a broad overview of receivables by showing only the percentage of receivables in different age categories, such as 0-30 days, 31-60 days, 61-90 days, and over 90 days.

An Aging Schedule That Shows Only the Percentage of Receivables