The Sales and Accounts Receivable Subsystem deals with:

The recording of Sales, maintaining of sales ledger and receivables

The correct answer is option 1- The recording of Sales, maintaining of sales ledger and receivables. 

The Sales and Accounts Receivable Subsystem handles the recording of sales transactions, maintaining sales ledgers, and managing accounts receivable. This subsystem tracks sales made by the company and manages the accounts receivable process, including invoicing customers, tracking payments, and following up on outstanding balances. It plays a crucial role in monitoring the revenue generation process and ensuring that payments from customers are received in a timely manner.