Question

A common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger.a. Trueb. False

Answer 1

True

Explanation:

The given statement is true as a common approach to keeping a record of each customer's account receivable is to use a subsidiary accounts receivable ledger. An account's receivable subsidiary ledger is an accounting ledger that shows the transaction and payment history of each customer to whom the business extends credit.