Question

When a business uses a subsidiary accounts receivable ledger, there is no need to keep an accounts receivable account in the general ledger. or

a. True
b. False
Gross sales less sales returns and allowances and sales discounts equal net sales.

Answer 1

The right answer for the question that is being asked and shown above is that: "TRUE."When a business uses a subsidiary accounts receivable ledger, there is no need to keep an accounts receivable account in the general ledger.