The ending balance of Accounts Receivable in the ledger is calculated by adding the:
A)debits and subtracting the credits recorded during the period to the beginning debit balance to arrive at the ending debit balance.
B)debits and subtracting the credits recorded during the period to the beginning credit balance to arrive at the ending credit balance.
C)credits and subtracting the debits recorded during the period to the beginning credit balance to arrive at the ending credit balance.
D)credits and subtracting the debits recorded during the period to the beginning debit balance to arrive at the ending debit balance.

Question

Quizplus · Accepted Answer

Ending Accounts Receivable (normal debit balance)= Beginning Accounts Receivable (normal debit balance)+ Sales on account (debited)− Collections from customers (credited).

The Ending Balance of Accounts Receivable in the Ledger Is