The purpose of the accounts receivable subsidiary ledger includes all of the following except
A) to keep a running balance of creditor's accounts.
B) to keep a running balance of each customer's account.
C) to provide supporting information for the general ledger control account.
D) to provide information to help collect the customer's account.

Question

Quizplus · Accepted Answer

The purpose of the accounts receivable subsidiary ledger is to keep a running balance of each customer's account, provide supporting information for the general ledger control account, and provide information to help collect the customer's account. It is not intended to keep a running balance of creditor's accounts.

The Purpose of the Accounts Receivable Subsidiary Ledger Includes All