NEW MyLab Finance with Pearson eText -- Access Card -- for Fundamentals of Corporate Finance
NEW MyLab Finance with Pearson eText -- Access Card -- for Fundamentals of Corporate Finance
3rd Edition
ISBN: 9780133543889
Author: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Publisher: PEARSON
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Chapter 19, Problem 6CC
Summary Introduction

Accounts receivable: The accounts receivable refers to that amount which the debtors owes to the Company and it is an asset account. So, it appears under the assets in the balance sheet.

Accounts receivable days: It refers to that time period which is consumed by firm in the procedure of collection of sales revenue.

Aging schedule: It refers to that schedule in which accounts of all customers are categorized on basis of days due to make payment.

To Explain: The difference between accounts receivable days and an aging schedule.

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Accounts Receivable and Accounts Payable; Author: The Finance Storyteller;https://www.youtube.com/watch?v=x_aUWbQa878;License: Standard Youtube License