The longer a receivable goes without being collected,the less likely it will become uncollectible.

Question

Quizplus · Accepted Answer

The longer a receivable goes without being collected, the more likely it will become uncollectible as the debtor may become financially unstable, dispute the debt, or simply forget about it. Therefore, it is important for businesses to regularly follow up on outstanding receivables and take appropriate actions to ensure timely payment.

The Longer a Receivable Goes Without Being Collected,the Less Likely