Which report is used to organize accounts receivable from the date of service?

• A. Aging report
• B. Trial balance
• C. Cash receipts
• D. General ledger

Answer: (A)

An aging report organizes accounts receivable by how long they've been outstanding from the date of service. It places each unpaid balance into time buckets—such as 0–30 days, 31–60 days, 61–90 days, etc.—so you can see which amounts are current and which are delinquent. This helps with cash flow planning and prioritizing collections, since you can target the oldest, most overdue balances first and estimate the potential bad debt. The other reports have different purposes: a trial balance lists all accounts with their balances to verify the books balance; a cash receipts report shows payments that have been received; the general ledger is the comprehensive record of all financial transactions. But only the aging report specifically groups receivables by how long they’ve been outstanding since the service date.