Multiple Choice
When using a subsidiary ledger, the Accounts Receivable account in the general ledger is called the
A) master account.
B) subsidiary account.
C) receivable account.
D) controlling account.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q40: Which of the following statements about subsidiary
Q41: The Coral Co. had the following transactions
Q42: Cash receipts are recorded in the Sales
Q43: A sales discount correctly taken by the
Q44: Credit terms whereby the customer is granted
Q46: Logan's Art studio was moving and sold
Q47: A record showing the activity and the
Q49: Determine the amount to be paid within
Q50: Which of the following is NOT a
Q72: Compare and discuss a discount period versus