The individual amounts in the 'Accounts receivable' column of the sales journal are posted:
A)individually to the sales account in the general ledger.
B)individually to the accounts receivable account in the general ledger.
C)in total to the accounts receivable subsidiary ledger.
D)individually to the accounts receivable subsidiary ledger.

Question

Quizplus · Accepted Answer

In the sales journal, the individual amounts in the Accounts Receivable column are recorded for each customer who purchases on credit. These amounts are then individually posted to the customer's account in the Accounts Receivable subsidiary ledger. This allows the company to keep track of how much each customer owes and when their payments are due. Therefore, the best choice is D, which states that the individual amounts in the Accounts Receivable column of the sales journal are posted individually to the Accounts Receivable subsidiary ledger.

The Individual Amounts in the 'Accounts Receivable' Column of the Sales