To Find the Balance Due from an Individual Customer, the Accountant

question 13

Multiple Choice

To find the balance due from an individual customer, the accountant would refer to the

• A) General Journal.
• B) Sales account in the general ledger.
• C) Accounts Receivable subsidiary ledger.
• D) Accounts Receivable account in the general ledger.

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Definitions:

Arbitration

A method of dispute resolution where an independent third party reviews the case and makes a decision that can be binding or non-binding.

Conciliation

A method of alternative dispute resolution where an unbiased third party helps disputing parties to reach a voluntary, mutually agreeable resolution.

Mediation

A form of alternative dispute resolution where a neutral third party assists the disputing parties in reaching a mutually acceptable agreement.

Supervisory Position

A role or job that entails overseeing and directing the work of other employees to ensure organizational goals are met.