ACCOUNT AGING Definition

Bookmark and Share

ACCOUNT AGING usually refers to the methods of tracking past due accounts in accounts receivable based on the dates the charges were incurred. Account aging can also be used in accounts payable, to a lesser degree, to monitor payment history to suppliers. See also AGING OF ACCOUNTS.

Learn new Accounting Terms

CONDUIT is a primary means by which something is transmitted,

INTEREST EXPENSE is the cost of borrowing funds in the current period. It is shown as a financial expense item within the income statement. An interest expense of zero to <15% relative to operating income, within the consumer products industry, is an indicator of a sustainable competitive advantage.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.