The Purpose of an Accounts Receivable Ledger Is

question 73

Multiple Choice

The purpose of an accounts receivable ledger is

• A) to provide information for customers who call.
• B) to provide detailed information to management concerning Accounts Receivable accounts.
• C) to provide information to be used in preparing a schedule of accounts receivable.
• D) all of these.
• E) none of these.

---

Definitions:

Trust and Confidence

The belief in the reliability, truth, and ability of someone or something, leading to a sense of security and assurance.

Duty of Loyalty

An obligation of employees or directors to act in the best interest of their company or shareholders.

Corporate Interests

Refers to the objectives and goals that are of prime importance to a corporation, typically aimed at maximizing profitability and sustainability.