What Is Aging of Accounts Receivable,and How Is It Used

question 32

Essay

What is aging of accounts receivable,and how is it used to account for uncollectible accounts?

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Definitions:

Ex Post Facto Laws

Laws that retroactively change the legal status of actions that were committed before the enactment of the law, prohibited by the U.S. Constitution.

Bills of Attainder

Legislative acts allowing for the punishment of individuals without trial, prohibited by the U.S. Constitution.

Habeas Corpus

A legal writ employed to bring a party who has been criminally detained before a court to determine the legality of the detention; it is a protection against unlawful and indefinite imprisonment.

Just Compensation

The fair value that must be paid for property taken by the government through eminent domain.