A data storage device listing each customer,along with all the credit sales made to,as well as payments received on account from that customer is called a(n):
A)aging schedule
B)marketing survey
C)sales returns and allowances report
D)subsidiary accounts receivable ledger

Question

Quizplus · Accepted Answer

A subsidiary accounts receivable ledger is a data storage device that lists each customer along with all the credit sales made to, as well as payments received on account from that customer. It is used to keep track of individual customer balances and is an important part of the overall accounts receivable system. The other options mentioned, aging schedule, marketing survey, and sales returns and allowances report, do not fit the description provided.

A Data Storage Device Listing Each Customer,along with All the Credit