Princeton's detailed age analysis of trade receivables at 31 December 2020 shows the following: Total outstanding Credit limit0-30 days 31-60 days 61-90 days Over 90 days Customer name A Ames 16 200 15 000 2000 8700 2 500 3 000 B Bristow 18 300 25 000 18 300 C Chen TOTAL 008 20 300 2000 10 700 2700 5 200 4700 39 200 3 000 Notes: The company offers 30 days credit to its.cuStomers. The credit is offered to the customers based on words of mouth Ames is disputing the quality of some of the goods,no decision has been made yet(E3,000 over 90 days) Chen has just put in an order for £5,000, he is a good friend of the dinkctor Required What are the key points arising from the credit controller's review in respect of each trade receivable balance and what suggestions can be made to improve the aged analysis report1?

Princeton's detailed age analysis of trade receivables at 31 December 2020 shows the following: Total outstanding Credit limit0-30 days 31-60 days 61-90 days Over 90 days Customer name A Ames 16 200 15 000 2000 8700 2 500 3 000 B Bristow 18 300 25 000 18 300 C Chen TOTAL 008 20 300 2000 10 700 2700 5 200 4700 39 200 3 000 Notes: The company offers 30 days credit to its.cuStomers. The credit is offered to the customers based on words of mouth Ames is disputing the quality of some of the goods,no decision has been made yet(E3,000 over 90 days) Chen has just put in an order for £5,000, he is a good friend of the dinkctor Required What are the key points arising from the credit controller's review in respect of each trade receivable balance and what suggestions can be made to improve the aged analysis report1?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What is the answer in D?
Submit it in excel form P9.2
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