The accounts receivable ledger:
A) Is also the controlling account.
B) Stores transaction data for individual creditors.
C) Is a substitute for the sales journal.
D) Is a substitute for the cash receipts journal.
E) Stores transaction data for individual customers.

Question

Quizplus · Accepted Answer

The accounts receivable ledger stores transaction data for individual customers, detailing amounts owed by each customer.

The Accounts Receivable Ledger