What does 'aged debtors analysis' signify?

A shows how long debts have been outstanding
B How old the customers are
C How long does a business take to repay the bank loans
D Minimum number of old debtors

Correct Answer: shows how long debts have been outstanding

Aged debtors analysis shows how long debts have been outstanding. An aged debtors report is a totalled list of all the invoices your customers haven't yet paid you for, less any credit notes you've issued to your customers and not yet refunded them for.
Bissoy MCQ
#Commerce #Accounting

Related Questions

A Business shows total debtors' balance TK. 4,00,000 in its sales ledger at the end of its financial period . One customer owing TK. 40,000 is bankrupt and there is on possibility of getting the debt paid. A further 2% of debtors are considered doubtful . What debtors' total will be included as a current asset in the balance sheet ?
A TK. 4,00,000
B TK. 3,52,800
C TK. 3,52,000
D TK. 36,200
A company has trade debtors at the year-end amounting to Ta. 2,18,000. One of the debtors, value TA. 8,000 is known to be uncontrollable. The company takes a 5% provision for bad debts each year and last year's provision amounted to TA. 2,000 which of the following figures will appear in the profit and loss account as the total bad debt charge for the year?
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B TA. 18,500
C TA.16,300
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B TA. 18,500
C TA. 16,300
D TA, 10,500
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B T-155
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‘A legal authorization of debtors to postpone payment’ is known as:
A Moratorium
B Deferment
C Preemption
D Bad debt
‘A legal authorization of debtors to postpone payment’ is known as
A Moratorium
B Deferment
C Preemption
D Bad debt
'A legal authorisation of debtors to postpone payment' is known as-
A Moratorium
B Deferment
C Preemption
D Bad debt
A Business shows total debtor's balance TK. 4,00,000 in its sales ledger at the end of its financial period. One customer owing TK. 40,000 bankrupt and there is no possibility of getting the debt paid. A further 2% of debtors are considered doubtful. What debtor's total will be included as a current asset in the balance sheet ?
A TK. 4,00,000
B TK. 3,52,800
C TK. 3,52,000
D TK. 36,200

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