A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger.

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A subsidiary accounts receivable ledger is a common way to keep a record of each customer's account receivable. This ledger allows businesses to keep track of each individual customer's purchases, payments, and outstanding balance. Using a subsidiary ledger makes it easier to monitor and manage accounts receivable, and helps to improve the accuracy of financial statements.

A Common Approach to Keeping a Record of Each Customer's