The Accounts Receivable ledger is
A)used for recording cash receipts from customers.
B)used for storing transaction data for individual creditors.
C)used for storing transaction data for individual customers.
D)also the controlling account.
E)used for recording credit sales.

Question

Quizplus · Accepted Answer

The Accounts Receivable ledger is used for storing transaction data for individual customers, which includes the amounts owing from them for goods or services bought on credit.

The Accounts Receivable Ledger Is