The accounts receivable ledger:A) Is for storing transaction data for customers.B) Is for storing transaction data for individual customers.C) Is for storing transaction data for individual creditors.D) Is for storing transaction date for creditors.E) Is also the controlling account.

Question

The accounts receivable ledger:A)  Is for storing transaction data for customers.B)  Is for storing transaction data for individual customers.C)  Is for storing transaction data for individual creditors.D)  Is for storing transaction date for creditors.E)  Is also the controlling account.

Rachel Carpenter · Accepted Answer

Final Answer : B, Explanation :  The accounts receivable ledger is specifically designed to store transaction data for individual customers, making choice B the correct answer.

The accounts receivable ledger:

A) Is for storing transaction data for customers.
B) Is for storing transaction data for individual customers.
C) Is for storing transaction data for individual creditors.
D) Is for storing transaction date for creditors.
E) Is also the controlling account.

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Learning Objectives

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