All the details of transactions between the entity and individual customers are found in the:
A) accounts receivable subsidiary ledger.
B) accounts payable control account.
C) accounts payable subsidiary ledger.
D) sales ledger.

Question

Quizplus · Accepted Answer

The accounts receivable subsidiary ledger contains all the details of transactions between the entity and individual customers. It provides a detailed breakdown of individual customer balances and helps in tracking payments and outstanding balances. Option B and C are not correct as they pertain to transactions with suppliers/vendors and not customers. Option D is not a commonly used term in accounting and can be confused with the general ledger.

All the Details of Transactions Between the Entity and Individual