When using a subsidiary ledger, the Accounts Receivable account in the general ledger is called the:
A) primary account.
B) subsidiary account.
C) receivable account.
D) controlling account.

Question

Quizplus · Accepted Answer

The Accounts Receivable account in the general ledger, when using a subsidiary ledger, is referred to as the controlling account because it summarizes the total amounts owed by all customers, which are detailed in the subsidiary ledger.

When Using a Subsidiary Ledger, the Accounts Receivable Account in the General