When posting is up-to-date, the balance in the accounts receivable subsidiary ledger must equal the balance in the general ledger.

Question

Quizplus · Accepted Answer

The accounts receivable subsidiary ledger contains detailed information on individual customer accounts, and when posting is up-to-date, the total of all balances in this subsidiary ledger must equal the balance of the Accounts Receivable control account in the general ledger, ensuring that the accounting records are accurate and balanced.

When Posting Is Up-To-Date, the Balance in the Accounts Receivable