Ageing schedule, Managerial Accounting

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







Related Discussions:- Ageing schedule, Assignment Help, Ask Question on Ageing schedule, Get Answer, Expert's Help, Ageing schedule Discussions

Write discussion on Ageing schedule
Your posts are moderated
Related Questions
What are the Changing role of management accounting 1. Focus on customer scarification: customer satisfactions are continuously gaining high priority in management thinking i

QUESTION 1 PART A  You are provided with the given information relating to ABC Limited. The accountant is currently developing the budget for the next three months endin

Cash is a significant current asset for the operations of business. Cash is the fundamental input that maintains business running smoothly and continuously. In excess of cash and l

After going through this section, you must be capable to: Know the concept and characteristics of working capital; Identify with the difference among net working capital

underlying assumptions of breakeven analysis and the limitations of this.

What is Direct material cost variance It can be defined as the difference between the standard costs of direct material specified and the actual cost of direct material used.


QUESTION 1: P A RT A You are the Cost Accountant of an industrial concern and have been assigned the duty of preparing a cost accounting system. Initially it has been de

What are the factors which led to the development of ABC: 1) Traditional costing fails to capture cause and effect relationship 2) Traditional costing often fails to highlig

What are the Advantages of budgetary control This budgetary control system helps in fixing the goals for the organization as a whole and concerts efforts are made for its achie