A listing of the balances in the accounts receivable master file at the balance sheet date, by total balance outstanding and by the time the component parts have been outstanding, is the:
A) customer list.
B) accounts receivable ledger.
C) schedule of accounts receivable.
D) aged trial balance.

Question

Quizplus · Accepted Answer

An aged trial balance provides a listing of the balances in the accounts receivable master file at the balance sheet date, by total balance outstanding and by the time the component parts have been outstanding. A customer list, accounts receivable ledger, and schedule of accounts receivable do not typically provide this level of detail.

A Listing of the Balances in the Accounts Receivable Master