Describe the purpose of an aging report. What will be an ideal ...

Author Question: Describe the purpose of an aging report. What will be an ideal ... (Read 70 times)

lilldybug07

Hero Member
Posts: 546

on: Jul 12, 2018

Describe the purpose of an aging report.

What will be an ideal response?

Question 2

What general ledger report discussed in this chapter shows income and expenses?

What will be an ideal response?

mmpiza

Sr. Member
Posts: 354

Reply #1 on: Jul 12, 2018

Answer to Question 1

To monitor the accounts receivable; to know what monies are owed the business for how long, and by whom.

Answer to Question 2

Income statement; also called a profit and loss report.

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