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 67 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?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.