When you record the entry to the subsidiary ledger and place the checkmark in the PR column, it is necessary to post to the Accounts Receivable controlling account.

Question

Quizplus · Accepted Answer

Recording an entry in the subsidiary ledger and marking the PR column indicates that the transaction affects a specific customer's account, which in turn requires an update to the Accounts Receivable controlling account to reflect the overall change in the total amounts owed by all customers.

When You Record the Entry to the Subsidiary Ledger and Place