An Accounts Receivable Ledger Is A

question 25

Multiple Choice

An accounts receivable ledger is a:

• A)Subsidiary ledger that contains an account for each supplier (creditor).
• B)List of the separate accounts that show the balances outstanding from credit customers.
• C)Book of original entry that is designed and used for recording only sales on credit.
• D)Ledger that contains all financial statement accounts of a business.
• E)Subsidiary ledger that contains a separate account for each party that grants both short-term and long-term credit on account to the company.

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Definitions:

Distributing

The process of making a product or service available for use or consumption by a consumer or business user.

Promoting

The act of marketing or endorsing a product, service, or brand to increase awareness, sales, and customer interest.