Entries to Customers' Accounts for Sales Are Posted in The

question 82

Multiple Choice

Entries to customers' accounts for sales are posted in the:

• A) accounts receivable subsidiary ledger.
• B) accounts payable subsidiary ledger.
• C) adjustment subsidiary ledger.
• D) sales subsidiary ledger.

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Definitions:

Alteration

A change or adjustment made to something, which can modify its appearance, function, or condition.

Charge Account

An arrangement allowing customers to purchase goods or services on credit and settle the balance periodically, without immediate payment at each transaction.

Maker

The individual or entity that creates or signs a negotiable instrument, committing themselves to pay a specified amount of money to the payee or holder.

Primarily Liable

The primary obligation or responsibility to fulfill a debt or legal duty before others are considered liable.