Which of the Following Is True of an Accounts Receivable

question 48

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 from the accounts receivable subsidiary ledger.

---

Definitions:

#ad

A hashtag used on social media to indicate that a post is part of a paid advertisement or endorsement, for transparency and legal compliance.

Flame Wars

Hostile and insulting interactions between Internet users, often as a result of a controversial discussion.

Heated Discussion

A heated discussion is an intense conversation where opinions strongly differ, and emotions may run high.

Social Media Policy

Guidelines set by an organization to regulate employees' or members' use of social media, ensuring positive and consistent brand messaging.