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 66 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?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.