Solved

If the Total Balance of the Accounts Receivable Ledger Equals

Question 164

True/False

If the total balance of the accounts receivable ledger equals the total of the controlling Accounts Receivable account, then the accounts are presumed to be correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q19: The _ principle requires that an accounting

Q108: _ is the accounting system component that

Q146: What are controlling accounts and subsidiary ledgers?

Q157: Match the following terms with the appropriate

Q158: Information storage:<br>A) Eliminates the need for professional

Q159: To check for accuracy after posting: first

Q160: A company entered into the following transactions.

Q162: The accounts payable ledger has a controlling

Q165: A company had cash sales of $24,000

Q166: Segment information is often useful to investors