A record showing the activity and the balances owed by each customer is called the
A) general ledger.
B) sales journal.
C) cash receipts journal.
D) accounts receivable subsidiary ledger.

Question

Quizplus · Accepted Answer

A record showing the activity and balances owed by each customer is typically maintained in the accounts receivable subsidiary ledger. The general ledger records all transactions for the company, including accounts receivable, while the sales journal and cash receipts journal record specific types of transactions.

A Record Showing the Activity and the Balances Owed by Each