Ageing Schedule: AS is classifies outstanding accounts receivable at a specified point of time into various age brackets. A clarifying ageing schedule is specified below.

Age Groups (in days)	Outstanding (Rs.)	Percentage
0-30	45,000	37.50
31-60	15,000	12.50
61-90	10,000	12.50
91-120	30,000	250
Over 120	1,20,000	100.00

 

The real aging schedule of the firm is as compared along with some standard ageing schedule in order to find out whether accounts receivables are in control. If the greater proportion obtainable are in the higher age schedule than there is a requirement for some corrective action.

Posted Date: 4/9/2013 5:23:21 AM | Location : United States

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