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    Fundamental Accounting Principles Study Set 5
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    Exam 9: Accounting for Receivables
  5. Question
    When a Company Holds a Large Number of Notes Receivable
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When a Company Holds a Large Number of Notes Receivable

Question 105

Question 105

True/False

When a company holds a large number of notes receivable it sometimes sets up a controlling account and a subsidiary ledger for notes.

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