Question

For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ account. Multiple choice question. subsidized general temporal subsidiary temporary

Answer 1

A subsidiary account are the separate accounts of receivable account for each customer mostly from billing and collection purposes.

What are subsidiary account?

This refers to an account kept within a subsidiary ledger which is then summarizes into a control account in the general ledger.

Hence, it is also the separate accounts of receivable account for each customer mostly from billing and collection purposes.

Therefore, the Option D is correct.

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