Which of the following is the best reason for keeping subsidiary ledger accounts current?
A) To compute liquidity ratios
B) To prepare financial statements
C) To check if a sale will exceed a customer's credit limit
D) All of the above

Question

Quizplus · Accepted Answer

Keeping subsidiary ledger accounts current helps in monitoring individual customer accounts, ensuring that sales do not exceed their credit limits.

Which of the Following Is the Best Reason for Keeping