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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

Answer: Option A

Solution(By Examveda Team)

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.

This Question Belongs to Commerce >> Accounting

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