An Accounts Receivable Ledger Is

question 117

Multiple Choice

An accounts receivable ledger is:

• A) A subsidiary ledger that contains an account for each credit customer.
• B) A list of the balances of selected accounts in the accounts receivable ledger that is added to show the total amount of the significant accounts receivable outstanding.
• C) A book of original entry that is designed and used for recording only a specified type of transaction.
• D) The ledger that contains the financial statement accounts of a business.
• E) A subsidiary ledger that contains a separate account for each creditor (supplier) to the company.

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Definitions:

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Health Care

A broad sector involving the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people, delivered by health professionals and allied health fields.

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Actuarial

Pertaining to actuaries or the statistical and mathematical methods they use to calculate risk, especially in the insurance and finance industries.