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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
How to do worksheet?
A firm's __________ account is categorized as a current asset. A. equipment B. accounts payable C. bonds payable D. merchandise inventory
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Q. What are Service companies? Service companies carry out services for a fee. This group comprise law firms, accounting firms and dry cleaning establishments. The early sectio
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