What is an aging schedule? What can be learned from it? How is it affected by sales fluctuations?

What is an aging schedule? What can be learned from it? How is it affected by sales fluctuations?

Category:
June 6, 2021
10 Views
0
0

What is an aging schedule? What can be learned from it? How is it affected by sales fluctuations?

Answer and ExplanationSolution by a verified expert

Explanation

Aging schedule is an accounting table that indicates the list of invoices outstanding according to the period of time.
It helps the companies in spotting the problems related to credit policies and cash flows.
If the sales decreases, then the percentage in the 0-10-day category will be low and the reverse will occur if sales are rising.

Verified Answer

Aging schedule is a report that shows the items which are overdue; it could be payments or receipts.

Purchase this answer to view it.
Click the button to login/signup and buy full solution at 2 USD only.

The Best Research Paper Writing Service

Would you want to pay someone to write your paper professionally from scratch? 100% Original and 0% AI Content!.

🎓 Write my Essay
📚 Write my Persuasive Essay
📋 Humanize AI Content for Turnitin
💻 Write my Reflective Essay
📑 Write my Research Paper
📜 Write my Thesis Paper
📘 Write my Dissertation
📋 Write my Case Study
📝 Write my Online Exam
✒️ Write my Term Paper
Write my Paper