True or false? in regard to accounts receivable management, the older the account or the longer the account remains unpaid, the less of a change that the facility will receive reimbursement for the encounter.
that statement is true. Linger period of unpaid receivable indicates either the person who held it couldn't afford to pay back or that person already fled away. Therefore, the company will most likely will receive lesser amount of that receivable chunk under this situation.
