A characteristic of a schedule of accounts receivable is that:

A) it contains a list of customers' names with balances.
B) the total is equal to the accounts receivable control account at the end of the month.
C) it is prepared at the end of the month.
D) All of these answers are correct.

Schedule Of Accounts Receivable

A list of the customers, in alphabetical order, that have an outstanding balance in the accounts receivable subsidiary ledger. This total should be equal to the balance of the Accounts Receivable controlling account in the general ledger at the end of the month.

Control Account

A summary account in the general ledger that consolidates and reflects the total of transactions recorded in subsidiary ledgers.

Customers' Names

Identifying information for individuals or entities that purchase goods or services from a business.