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Yes, An organization can evaluate its receivables by considering the relevant aging time.
Its True receivable aging mostly used to control the debtors recovery policy.
True. Since the management wants to have an idea of good, bad and doubtful debts based on their business experience. Accordingly, it will provide the provision for doubtful debts and writing off bad debts. However, the entity has to value its receivables at least at year end.
True.Because, Every company depends on a style to follow up the credit limit based on valuation of receivables.Use of aging the receivables will control the debtors O/s.
