A Listing of the Balances in the Accounts Receivable Master

question 18

Multiple Choice

A listing of the balances in the accounts receivable master file at the balance sheet date, by total balance outstanding and by the amount of time the component parts have been outstanding, is the:

• A)customer list.
• B)aged trial balance.
• C)accounts receivable ledger.
• D)schedule of accounts receivable.

---

Definitions:

Calendar-Year

A one-year period that begins on January 1 and ends on December 31, used as the financial year by many countries and organizations.

Adjustment

A modification made to accounts or financial statements to correct them or to reflect changes in economic circumstances.

Unearned Subscription Revenue

Revenue received in advance for services or goods to be provided in the future, recognized as a liability until delivered.

Subscription Revenue

Income generated from customers who pay a recurring price at regular intervals for access to a product or service.