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Debtors (accounts receiveable) ageing analysis

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    Wendy C.
    AU
    Wendy C.

    Accounts receivable Ageing Analysis relates to budgeting in that it is a process designed to enable a business to more accurately predict receipt of funds from individual debtors.

    Anton A.
    JM
    Anton A.

    What is debtor ageing analysis?

    Samuel F.
    ZA
    Samuel F.

    What is the aging method?

    Samuel F.
    ZA
    Samuel F.

    What is the purpose of assigning accounts receivable?

    Harrison A.
    AT
    Harrison A.

    The detailed information in the accounts receivable subsidiary ledger is used to prepare a report known as the aging of accounts receivable .This report directs mgt's attention to accounts that are slow to pay . It is also useful in determining the balance amount needed in the account allowance for doubtful accounts . the aging of accounts receivable report is typically generated by sorting unpaid sales invoices in the subsidiary ledger- first by customer and then by the date of the sales invoices .if a company sells merchandise(or provides services )and allows customers to 30days later,this report will indicate how much of its receivable is past due .It also reports how far due the accounts are .

    Harrison A.
    AT
    Harrison A.

    What is aging in finance ?

    Zachary B.
    US
    Zachary B.

    What are debtors in budgeting?

    Diamond T.
    US
    Diamond T.

    What is the purpose of assigning accounts receivable?

    Diamond T.
    US
    Diamond T.

    What is the purpose of assigning accounts receivable?

    Douglas R.
    US
    Douglas R.

    Debtors need to repay.

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