The Accounts Receivable Ledger

question 66

Multiple Choice

The accounts receivable ledger:

• A)Is a substitute for the sales journal.
• B)Stores transaction data for individual customers.
• C)Stores transaction data for individual creditors.
• D)Is a substitute for the cash receipts journal.
• E)Is also the controlling account.

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Definitions:

Competent Leaders

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The scientific study of how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.