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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A perspective that emphasizes the creation of jobs and income generation as primary economic objectives.

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Embargo

A government order that restricts commerce with a specified country or the exchange of specific goods.