The customers ledger and the creditors ledger refer to subsidiary ledgers.
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Q17: Transactions must first be recorded in the
Q18: The methods and procedures for collecting, classifying,
Q19: An account for each supplier of merchandise
Q20: A control account is used to record
Q21: A cash refund paid to a customer
Q23: Sales of office supplies for cash, at
Q24: When a large number of individual accounts
Q25: The total of the accounts receivable subsidiary
Q26: Even when special journals are used, closing
Q27: Services provided on account are recorded in
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