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:

Inconsistent

A term used to describe a system of equations that has no solution because the equations represent parallel lines.

Elimination

A method for solving a system of equations by adding or subtracting the equations in order to eliminate one of the variables.

Positive Integers

Whole numbers greater than zero.

Difference

The difference obtained when one number is subtracted from another.