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QUESTION
With the aging schedule, receivables amounts from past months are related to the present total accounts receivable balance.
With the aging schedule, receivables amounts from past months are related to the present total accounts receivable balance. To what are the receivables amounts related when computing uncollected balance percentages? Why is this distinction important when evaluating collection efficiency?
Why might it be argued that uncollected balance percentages are superior to other measures used to monitor customer payment patterns?
