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 54 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.

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.