Practicing Success
In which of the following ledger/journal, the amount owed by a customer for credit purchases found? |
Account receivable journal General ledger Sales journal Accounts receivable subsidiary ledger |
Accounts receivable subsidiary ledger |
The correct answer is option 4- Accounts receivable subsidiary ledger. An accounts receivable subsidiary ledger is an accounting ledger that shows the transaction and payment history of each customer to whom the business extends credit. |