A schedule of accounts receivable is prepared to

Question

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A schedule of accounts receivable is prepared to verify that the sum of the accounts receivable ledger balances equals the Accounts Receivable balance. This helps ensure the accuracy of the financial statements and provides a basis for monitoring and collecting outstanding balances. Sending it to all customers or keeping track of all customers is not the primary purpose of preparing a schedule of accounts receivable. Proving that the general ledger and accounts receivable ledger were posted at the same time is also not the main purpose, though it is important for reconciling and verifying ledger balances.

A Schedule of Accounts Receivable Is Prepared to