Customers' individual accounts included in a subsidiary ledger are said to be controlled by the Accounts Receivable account in the:
A)accounts payable ledger.
B)accounts receivable ledger.
C)controlling ledger.
D)general ledger.

Question

Quizplus · Accepted Answer

The Accounts Receivable account in the general ledger summarizes the total amounts owed by all customers, and each customer's individual account in the subsidiary ledger is controlled by this summary account.

Customers' Individual Accounts Included in a Subsidiary Ledger Are Said