Answered

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

Ageneral ledger.
Bsales journal.
Ccash receipts journal.
Daccounts receivable subsidiary ledger.

Verified Answer :

Meochi

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

pristina

Answer:

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

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.

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