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Which of the following statements a) , b) or c) is false?
Accounts Receivable Control
Practices and procedures in place to monitor and manage the amounts owed to a business by its customers for goods or services delivered on credit.
Subsidiary Ledger
A detailed ledger that contains supporting information for a main accounting ledger, often used for accounts receivable or accounts payable.
Cash Receipts Journal
An accounting ledger in which all cash inflows or receipts are recorded.
Accounts Payable Subsidiary
A detailed ledger containing all individual creditor accounts, supporting the summary-level accounts payable figure in the general ledger.
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