As the past due time increases for an account,the likelihood of collecting that account:

Name: As the past due time increases for an account,the likelihood of collecting that account:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The longer an account remains past due, the less likely it is to be collected. This is due to a combination of factors, including the increased likelihood of the debtor experiencing financial difficulties or simply forgetting about the debt. Therefore, as the past due time increases, the collectibility usually goes down.

As the Past Due Time Increases for an Account,the Likelihood