Asked by
Jordan Valenzuela
on Nov 12, 2024Verified
The subsidiary ledger that includes customer account activity is called the
A) asset ledger
B) accounts payable ledger
C) expense ledger
D) accounts receivable ledger
Subsidiary Ledger
A detailed ledger that contains all the transaction details of a specific general ledger account, aiding in maintaining accurate financial records.
Customer Account Activity
A record of all financial transactions that have occurred on a customer's account within a given period.
Accounts Receivable Ledger
A ledger that records sales made on credit, tracking the amounts owed by customers to the business.
- Acknowledge the objective and management of subsidiary ledgers.
Verified Answer
RR
Learning Objectives
- Acknowledge the objective and management of subsidiary ledgers.