An aging schedule breaks down accounts receivable into groups on the basis of the first letter of the name of the company that owes on the account.

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An aging schedule breaks down accounts receivable into groups based on the length of time they have been outstanding, such as 30-60 days, 61-90 days, etc. It does not categorize them by the first letter of the company name.

An Aging Schedule Breaks Down Accounts Receivable into Groups on the Basis