When a Company Uses an Accounts Receivable Subsidiary Ledger

question 5

Multiple Choice

When a company uses an accounts receivable subsidiary ledger,

• A)it need not maintain an Accounts Receivable account in the general ledger.
• B)credit sales transactions must be posted to the individual customers' accounts monthly.
• C)when the amounts in the subsidiary ledger and the controlling account do not match,the accountant must find the error and correct it.
• D)All of these choices.