Schedule of Accounts Receivable
• Schedule of AR is a listing of all accounts receivable
the company has recorded in its books through sales transactions on credit
as well as their aging e.g. 30 days, 31 - 60 days, 61 - 90 days or 120
days past due.
• Each A/R is classified according to its age
• The schedule is used to review that status of individual accounts
and as the basis of estimates of uncollectible accounts
• The longer an account is past due, the greater the chances it
won't be collected.
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