An accounts receivable ledger is:
A) A subsidiary ledger that contains an account for each credit customer.
B) A list of the balances of selected accounts in the accounts receivable ledger that is added to show the total amount of the significant accounts receivable outstanding.
C) A book of original entry that is designed and used for recording only a specified type of transaction.
D) The ledger that contains the financial statement accounts of a business.
E) A subsidiary ledger that contains a separate account for each creditor (supplier) to the company.

Question

Quizplus · Accepted Answer

An accounts receivable ledger is a subsidiary ledger that contains an account for each credit customer. It tracks and organizes the amounts owed to a company by its customers, including payment history and outstanding balances. This ledger is an important tool for managing cash flow and monitoring customer creditworthiness.

An Accounts Receivable Ledger Is