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neonofarm [45]
2 years ago
12

For billing and collection purposes, companies keep a separate accounts receivable account for each customer called a ______ acc

ount. Multiple choice question. subsidized general temporal subsidiary temporary
Business
1 answer:
Lapatulllka [165]2 years ago
6 0

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

<h3>What are subsidiary account?</h3>

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.

Read more about subsidiary account

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