Posting the entries in the sales journal to the accounts receivable subsidiary ledger should be done:
A)at the end of each month.
B)only at the end of the accounting period.
C)on a daily basis.
D)on a weekly basis.

Question

Quizplus · Accepted Answer

Posting entries in the accounts receivable subsidiary ledger on a daily basis ensures that the ledger is up to date and accurate. This can help identify any discrepancies or issues with customer accounts in a timely manner, allowing for prompt resolution.

Posting the Entries in the Sales Journal to the Accounts