A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger.a.

Question

Rainbow [258]

3 years ago

10

A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger.a.

Trueb. False

Mathematics

1 answer:

Phantasy [73] · Answer 1 · 2022-09-07T05:48:33+03:00

Answer:

True

Step-by-step explanation:

The given statement is true as a common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger. An account's receivable subsidiary ledger is an accounting ledger that shows the transaction and payment history of each customer to whom the business extends credit.