Figure 10.1 Using the Figure Above, Identify the Labeled Part

question 106

Short Answer

Figure 10.1

Using the figure above, identify the labeled part.
-Label JJ: ______________________________

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Definitions:

Accounts Receivable Subsidiary Ledger

The subsidiary ledger containing the individual accounts with customers.

Cash Receipt Posting

Cash receipt posting involves recording the receipt of money into the financial records of a business, often marking the payment of an invoice or sale.

Cash Receipts Journal

A specialized accounting journal used to record all cash inflows or receipts of a business.

Accounts Payable Subsidiary Ledger

A detailed ledger containing all individual creditor accounts, which supports the total balance reported in the company's general ledger account for accounts payable.