QUESTION 9 The accounts receivable subsidiary ledger is not effected by the write-off of individual accounts....

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QUESTION 9 The accounts receivable subsidiary ledger is not effected by the write-off of individual accounts....

QUESTION 9

The accounts receivable subsidiary ledger

		is not effected by the write-off of individual accounts.
		is only kept by companies that use the allowance method of estimating bad debts.
		is kept for both the "Accounts Receivable" and the "Allowance for Uncollectible Accounts" accounts.
		provides the supporting detail (i.e., individual customer names and amounts owed) for the general ledger account "Accounts Receivable."
		All of the above are true statements.

business accounting

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Answer 1

Answer #1

1. is not effected by the write-off of individual accounts. - false

Explanation - A subsidiary accounts receivable ledger -- or account -- is basically a list of clients who are in debt to your company. Bookkeepers use them to give a more detailed account of the credit extended to customers by your business.

2. is only kept by companies that use the allowance method of estimating bad debts. - false

Explanation - accounts receivable subsidiary ledger is used by companies that use the allowance method of estimating bad debts as well as other companies

3. is kept for both the "Accounts Receivable" and the "Allowance for Uncollectible Accounts" accounts. - false

4 provides the supporting detail (i.e., individual customer names and amounts owed) for the general ledger account "Accounts Receivable." - True

Explanation - A subsidiary accounts receivable ledger -- or account -- is basically a list of clients who are in debt to your company. Bookkeepers use them to give a more detailed account of the credit extended to customers by your business.

5. all statements are true - false

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Answer 2

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