Asked by

Jspazz TheGreat
on Dec 17, 2024

verifed

Verified

The accounts receivable subsidiary ledger shows the amount collected from each customer.

Accounts Receivable

The amount of money owed to a company by its customers for goods or services sold on credit.

Subsidiary Ledger

A detailed ledger that contains all the transaction-level detail for accounts in the general ledger, often used for accounts receivable, accounts payable, etc.

  • Identify the role and workings of subsidiary ledgers and controlling accounts.
verifed

Verified Answer

KB
Kelly BragerDec 18, 2024
Final Answer:
Get Full Answer