How many categories of billed AR?

Answer 1

Accounts Receivable (AR) can typically be categorized into three main types: current, past due, and doubtful accounts. Current AR includes amounts expected to be collected within the short term, usually within 30 days. Past due AR consists of amounts that have not been collected by their due date, categorized further by the length of time overdue. Doubtful accounts represent amounts that are unlikely to be collected due to various factors, such as customer insolvency.