GENERAL KNOWLEDGE

Detailed explanation-1: -Ageing schedule incorporates the relationship between (a)Creditors and Days Outstanding, (b)Debtors and Days Outstanding, (c)Average Age of Directors, (d)Average Age of All Employees. AHCCCSA will also monitor the Medical Expense Ratio, the Administrative Cost Percentage, and the RBUC’s Days Outstanding.

Detailed explanation-2: -An aging schedule is an accounting table that shows a company’s accounts receivables, ordered by their due dates. Often created by accounting software, an aging schedule can help a company see if its customers are paying on time.

Detailed explanation-3: -An ageing schedule is a way of finding out if customers are paying their bills within the credit terms outlined in the company’s credit terms. The ageing schedule is a table that shows a summarised breakup of AR into different time brackets.

Detailed explanation-4: -Definition: An aging schedule is a summarized presentation of accounts receivable into separate time brackets that rank the receivables based upon the days until due or the days past due. In other words, it’s a list of receivables along with their customer, amount, and age.