The Total of the Schedule of Accounts Receivable Must Equal

question 72

Multiple Choice

The total of the schedule of accounts receivable must equal

• A) the total of the sales on account for the month.
• B) the balance of the Accounts Receivable controlling account.
• C) the total of all sales for the month.
• D) sales on account less cash sales for the month.
• E) the balance of the Accounts Payable controlling account.

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Definitions:

Volatile

In computing, it refers to memory that requires power to maintain the stored information; it loses its content when the power is turned off.

Storage Location

A specific area in memory or on a storage device where data is kept.

RAM

Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing working data and machine code.

Reflective

Pertaining to a surface or material that sends back light, heat, or sound without absorbing it, often used in screen technology or safety equipment.