A report showing how long accounts receivable have been outstanding is called what?
A)Time line.
B)Preauthorized debit system.
C)Aging schedule.
D)Cash discount.
E)Credit period.

Question

Quizplus · Accepted Answer

An aging schedule is a report that shows how long accounts receivable have been outstanding. It typically groups outstanding receivables by the number of days they have been outstanding, such as 0-30, 31-60, 61-90, and over 90 days. This report helps businesses to determine which accounts are past due and may require collection efforts or write-offs.

A Report Showing How Long Accounts Receivable Have Been Outstanding