📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      In financial terms, ___________ enables the analysts to

      identify slow paying debtors. (Pick the most appropriate option in line with the spirit of the question)
      A Liberal schedule Correct Answer Incorrect Answer
      B Payment schedule Correct Answer Incorrect Answer
      C Debtors' schedule Correct Answer Incorrect Answer
      D Ageing schedule Correct Answer Incorrect Answer

      Solution

      An ageing schedule, also known as accounts receivable ageing, is a financial report that categorizes a company's outstanding accounts receivable (amounts owed by customers) based on the length of time the invoices have been unpaid. It presents a breakdown of the outstanding receivables by different time periods, such as 30 days, 60 days, 90 days, etc. This schedule helps analysts and management identify and track slow-paying or overdue debtors, which can have implications for the company's cash flow and financial health.

      Practice Next
      More Accounts Questions

      Relevant for Exams:

      ask-question