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Refer to the Aging Schedule below. Which of the following statement is CORRECT? The accounts receivable are grouped according to the number of days taken

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Refer to the Aging Schedule below. Which of the following statement is CORRECT? The accounts receivable are grouped according to the number of days taken to collect from them. The schedule helps identify those accounts which are overdue and are at risk of turning into bad debts. Less than half of the firm's accounts receivable are overdue. The accounts receivable in the "Over 90 days" age group are the customers with the lowest credit risk. Refer to the Aging Schedule below. Which of the following statement is CORRECT? The accounts receivable are grouped according to the number of days taken to collect from them. The schedule helps identify those accounts which are overdue and are at risk of turning into bad debts. Less than half of the firm's accounts receivable are overdue. The accounts receivable in the "Over 90 days" age group are the customers with the lowest credit risk

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