The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).

Name: The Customer Balance Summary shows the same balance as Account 105 Accounts Receivable (A/R).
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Customer Balance Summary report is designed to reflect the total amount owed by all customers, which should match the balance of the Account 105 Accounts Receivable (A/R) in the general ledger, as both represent the total outstanding receivables of the business.

The Customer Balance Summary Shows the Same Balance as Account