Identify the Statement Below That Is Not True with Regards

question 97

Multiple Choice

Identify the statement below that is not true with regards to the accounts receivable subsidiary ledger.

• A)Every credit sale is entered individually into the subsidiary ledger.
• B)Debits and credits in the subsidiary ledger must always equal.
• C)The subsidiary ledgers play an important role in maintaining the accuracy of the data stored in the AIS.
• D)The total of the subsidiary ledgers must equal the control account.

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Definitions:

Abstain From Blaming

The act of deliberately avoiding assigning blame to others, typically in a conflict or difficult situation to promote positive communication or resolution.

Relationship Selling

A sales approach that emphasizes building a long-term relationship with customers rather than focusing solely on individual transactions.

Customer Loyalty

The likelihood of previous customers to continue buying from a company, often as a result of their positive experiences or satisfaction with products and services.