What is acounts receivable ledger, Accounting Basics

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What is ACOUNTS RECEIVABLE LEDGER

Businesses have several customers and individual businesses aren't assigned an account number they are just in alphabetical order.

Accounts Receivable is controlling account.

Debit is normal balance

Posting - Accounts Receivable ledger - totals and individual accounts

SALES JOURNAL only records sale of merchandise on account.

Post totals monthly and individual accounts on an everyday basis

 


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