After posting entries in a sales journal to the general ledger,the Accounts Receivable balance in the general ledger should equal the sum of the individual customer balances in the accounts receivable subsidiary ledger.

Question

Quizplus · Accepted Answer

This is known as the subsidiary ledger control account reconciliation and is a fundamental accounting principle. The accounts receivable balance in the general ledger should always equal the sum of the individual customer balances in the accounts receivable subsidiary ledger.

After Posting Entries in a Sales Journal to the General