The total of the accounts receivable subsidiary accounts and the account receivable controlling account should balance to each other at the end of the period.

Question

Quizplus · Accepted Answer

This is because the accounts receivable subsidiary accounts are the detailed records of individual customers' outstanding balances, while the accounts receivable controlling account is the summary of all those balances. Therefore, the two should always be in agreement with each other.

The Total of the Accounts Receivable Subsidiary Accounts and the Account