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 the above.
E)None of the above.

Question

Quizplus · Accepted Answer

Aging schedules only give a general idea of the age of accounts and do not provide specific information on individual customers or the percentage of accounts past due.

Aging Schedules Are Flawed Because They