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    Marj26's Avatar
    Marj26 Posts: 2, Reputation: 1
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    #1

    Feb 2, 2010, 12:40 PM
    Is it true or false that aging acct only for one year past due
    Is it true or false that an aging schedule is only prepared for an old accounts that have been past due for more than one year.
    Marj26's Avatar
    Marj26 Posts: 2, Reputation: 1
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    #2

    Feb 2, 2010, 12:41 PM

    True
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Feb 4, 2010, 10:39 PM

    False. The idea of an aging schedule is to find out the age of ALL invoices that have no yet been paid, i.e. outstanding. Doesn't matter how old they are or even if they're due yet.
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