Question

The aging schedule:______

a. identifies and then tracks delinquent accounts to see that they are paid.
b. all are true.
c. is an important financial tool for analyzing the quality of a company's receivables.
d. shows the breakdown of a firm's accounts receivable by their date of sale.

Answer 1

(b)

Step-by-step explanation:

A computer software is used to create an aging schedule which helps a company:

1. tracks delinquent accounts to see that they are paid inorder to avoid more losses.

2. breakdown company receivables stating the customers name and amount due which are categorised under 30 days, 1-30 days past due, 30-60 days past due, and more than 90 days past due.