With regard to Accounts Receivable,a separate account for each customer is kept in a(n):
A)control account.
B)subsidiary ledger.
C)general ledger.
D)control ledger.

Question

Quizplus · Accepted Answer

A subsidiary ledger is used to keep track of individual accounts, in this case for each customer, and is separate from the general ledger. Therefore, option B is the best choice.

With Regard to Accounts Receivable,a Separate Account for Each Customer