Multiple Choice
An Accounts Receivable ledger is
A) A subsidiary ledger that contains an account for each credit customer
B) A list of the balances of all the accounts in the Accounts Receivable ledger that is added to show the total amount of accounts receivable outstanding
C) A book of original entry that is designed and used for recording only a specified type of transaction
D) The ledger that contains the financial statement accounts of a business
E) A subsidiary ledger that contains a separate account for each party that grants credit on account to the entity
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Individual transactions in the Sales Journal are
Q4: Discuss the differences in the special journals
Q5: The General Ledger system represents the primary
Q6: When a Sales Journal's sales amount column
Q7: The basic components of an accounting system
Q8: Special journals include<br>A) Sales journal<br>B) Cash receipts
Q9: List the five subsystems within a management
Q10: The Sales Journal and Cash Receipts Journal
Q11: The General Journal is used for<br>A) Recording
Q134: A schedule of accounts receivable is a