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:

Independent

Free from external control or influence; not depending on another's authority or the occurrence of another variable in statistical contexts.

Standard Deviations

A metric that calculates the extent of spread or deviation of data points from their average value.

Independent

Free from outside control or influence, able to make decisions or act according to one's own principles.

Homeowner's Policy

An insurance policy providing coverage for damage to a person's home and possessions within, as well as liability for accidents that occur in the home or on the property.