The aging of accounts receivable method involves classifying each account receivable by how long it is past its due date and estimating the percent of each uncollectible class.

Question

Quizplus · Accepted Answer

The aging of accounts receivable method does involve classifying each account receivable by how long it is past its due date and estimating the percent of each uncollectible class.

The Aging of Accounts Receivable Method Involves Classifying Each Account