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    Horngrens Accounting Study Set 2
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    Exam 9: Receivables
  5. Question
    The Accounts Receivable Account in the General Ledger Serves as a Control
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The Accounts Receivable Account in the General Ledger Serves as a Control

Question 107

Question 107

True/False

The accounts receivable account in the general ledger serves as a control account because it summarizes the total of the receivables from all customers.

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