Which of the Following Is True of an Accounts Receivable

question 101

Multiple Choice

Which of the following is true of an accounts receivable subsidiary ledger?

• A)It does not include a receivable account for each customer, but includes a cumulative account for all customers.
• B)It contains information about the amount each customer purchased on credit, but excludes the customer name.
• C)The total of the accounts in the accounts receivable subsidiary ledger must equal the accounts receivable balance in the general ledger.
• D)Companies keep an accounts payable subsidiary ledger that is entirely different than the accounts receivable subsidiary ledger.

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Definitions:

Run Method

A method in Java that defines the code executed by a thread or runnable object once it has been started.

Threads Execute

Refers to the concurrent execution of multiple sequences of instructions or threads in programming.

Parallel Fashion

Performing multiple operations or tasks simultaneously, often used in computing to speed up processes.

Accept Method

The accept method typically refers to a function that takes input or processes requests, commonly seen in event listeners and visitor patterns.