An aging schedule of accounts receivable aids the financial manager in determining
A) the amount of receivables that are past due.
B) the average age of the customers.
C) the receivables turnover.
D) the average length of the discount period.

Question

Quizplus · Accepted Answer

An aging schedule of accounts receivable helps in determining the amount of receivables that are past due, which is crucial for the financial manager to manage the company's cash flow effectively and make decisions on collections and credit policies.

An Aging Schedule of Accounts Receivable Aids the Financial Manager