When a business has more than one credit customer, a separate account receivable for each customer must be designed to show all of the following except
A) How much each customer has paid
B) How much each customer has purchased
C) How much sales tax each customer has paid
D) How much remains to be collected from each customer
E) All of these should be included

Question

Quizplus · Accepted Answer

A separate accounts receivable for each customer should show how much each customer has paid, how much they have purchased, and how much remains to be collected. However, it does not need to show how much sales tax each customer has paid as this information is typically tracked separately.

When a Business Has More Than One Credit Customer, a Separate