Ageing Schedule: AS is classifies outstanding accounts receivable at a specified point of time into various age brackets. A clarifying ageing schedule is specified below.
|
Age Groups (in days)
|
Outstanding (Rs.)
|
Percentage
|
|
0-30
|
45,000
|
37.50
|
|
31-60
|
15,000
|
12.50
|
|
61-90
|
10,000
|
12.50
|
|
91-120
|
30,000
|
250
|
|
Over 120
|
1,20,000
|
100.00
|
The real aging schedule of the firm is as compared along with some standard ageing schedule in order to find out whether accounts receivables are in control. If the greater proportion obtainable are in the higher age schedule than there is a requirement for some corrective action.