The aging schedule
A) shows the breakdown of a firm's accounts receivable by their date of sale.
B) identifies and then tracks delinquent accounts to see that they are paid.
C) is an important financial tool for analyzing the quality of a company's receivables.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above are true statements about the aging schedule. The aging schedule is used to show the breakdown of a company's accounts receivable by their date of sale, to track delinquent accounts and ensure they are paid, and as an important financial tool for analyzing the quality of a company's receivables.

The Aging Schedule