Question

A record showing the activity and the balances owed by each customer is called the

A. general ledger.
B. sales journal.
C. cash receipts journal.
D. accounts receivable subsidiary ledger.

Answer 1

The answer to your question is letter D. Accounts receivable subsidiary ledger. 

Answer 2

D. accounts receivable subsidiary ledger. is the correct answer.

Step-by-step explanation:

• A record showing the activity and the balances owed by each customer is called the accounts receivable subsidiary ledger.

• An accounts receivable subsidiary ledger is an accounting entry that gives the transaction and pays records of all clients to whom the company extends the credit.

• Without the subsidiary ledger, a business with various customers would have a problem tracing client pays and transactions.
• accounts receivable subsidiary ledger simply provides information about the control account in a general ledger.