Asked by Branden Alley on May 25, 2024
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The accounts receivable ______________ provides detailed information about customer accounts which is summarized in one ______________ account in the general ledger.
Subsidiary Ledger
An elaborate record book holding specific subsidiary accounts linked to a principal account, including accounts receivable and accounts payable.
General Ledger
The main accounting record of a company or organization, containing all the financial accounts and transactions.
- Clarify the critical role of a subsidiary ledger and its contribution to meticulous account management.
Verified Answer
TW
Learning Objectives
- Clarify the critical role of a subsidiary ledger and its contribution to meticulous account management.
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