Examlex
Which of the following statements is TRUE?
Revenue Journal
A specialized journal used to record the sales of services or goods on credit.
Accounts Receivable
Funds that a company's customers have not yet remitted for products or services that have been provided.
Subsidiary Ledger
A detailed ledger containing the individual accounts that make up a controlling account in the general ledger.
Purchases Journal
The journal in which all items purchased on account are recorded.
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