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lvida lvida
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Posts: 366
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6 years ago
Which of the following is true of an accounts receivable subsidiary ledger?
A) It does not include a receivable account for each customer, but includes a cumulative account for all customers.
B) It contains information about the amount each customer purchased on credit, but excludes the customer name.
C) The total of the accounts in the accounts receivable subsidiary ledger must equal the accounts receivable balance in the general ledger.
D) Companies keep an accounts payable subsidiary ledger that is entirely different from the accounts receivable subsidiary ledger.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
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wrote...
6 years ago
 C
lvida Author
wrote...
6 years ago
Appreciate the effort you put into answering, thank you!
wrote...
6 years ago
You're very welcome
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