Aging schedules are flawed because they:
A) do not identify specific customers.
B) show the percent of accounts that are past due.
C) only give the yearly or periodic average of account age.
D) All of these.
E) None of these.

Question

Quizplus · Accepted Answer

Aging schedules only give the yearly or periodic average of account age, which is a flaw as it does not provide specific information about individual customers or the percentage of accounts that are past due.

Aging Schedules Are Flawed Because They