Accountancy Forum

While preparing the aging for Debtors, should we consider the credit period given by the company for payment or not?

Eg Sales is made on Jan 01, 2011 amounting Rs. 10,000 with credit period of 30 days. At aging analysis on Feb 28, 2011 in which category this debtor appears in 0-30 days old or in 31-60 days old?

Regards,

krebs38

I think we consider the credit also..

Yes,the credit period must be taken into account.

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