A characteristic of a schedule of accounts receivable is that

Name: A characteristic of a schedule of accounts receivable is that
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

A schedule of accounts receivable is prepared at the end of the month and contains a list of individual customer accounts with their corresponding balances. The total of the schedule should equal the accounts receivable control account, which represents the total amount of outstanding receivables on the company's balance sheet. Therefore, both options B and C are correct.

A Characteristic of a Schedule of Accounts Receivable Is That