An Accounts Receivable Ledger Is

question 70

Multiple Choice

An Accounts Receivable ledger is

• A)A list of the balances of all the accounts in the Accounts Receivable ledger that is added to show the total amount of accounts receivable outstanding.
• B)A book of original entry that is designed and used for recording only a specified type of transaction.
• C)A subsidiary ledger that contains a separate account for each party that grants credit on account to the entity.
• D)A subsidiary ledger that contains an account for each credit customer.
• E)The ledger that contains the financial statement accounts of a business.

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Definitions:

Ulysses Grant

The 18th President of the United States (1869-1877) and a prominent Union general during the American Civil War, known for his leadership and efforts to reunify the nation.

South Carolina

A state in the southeastern United States known for its subtropical beaches, marshlike sea islands, and historical significance in the American Civil War.