## Ageing schedule, Managerial Accounting

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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.

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