Why must the Accounts Receivable account in the general ledger match the totals of all the subsidiary
Question:
Why must the Accounts Receivable account in the general ledger match the totals of all the subsidiary Accounts Receivable accounts?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
Accounts Receivable account in the general ledger m...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
Question Posted:
Students also viewed these Business questions
-
The Cash account in the general ledger of Ciavarella Corporation shows a balance of $112,000 at December 31, year 1 (prior to performing a bank reconciliation). The company's bank statement shows a...
-
The Agricultural Genetics Company's Cash account in its general ledger reported a balance of $6,782 on May 31, 2017. The company's bank statement from Western Bank reported a balance of $6,405 on the...
-
The Cash account in the general ledger of Lyco Corporation showed a balance of $21,749 at December 31 (but prior to performing a bank reconciliation). The companys bank statement showed a balance of...
-
In the calculation of the power in an a.c. circuit using the formula W = EI cos , errors of +1% in I, 0.7% in E and + 2% in occur. Find the percentage error in the calculated value of W when = 1/3...
-
Explain why the marginal cost of production must increase if the marginal product of the variable resource is decreasing.
-
Some books quote the maximum size of an Ethernet frame as 1522 bytes instead of 1500 bytes. Are they wrong? Explain your answer.
-
The working papers pertaining to the auditor's study of internal accounting control include the following preliminary evaluation: Up to the point at which the prenumbered sales invoices are prepared,...
-
Buffett sent a violin to Strotokowsky by International Parcel Service (IPS), a common carrier. Buffett declared the value of the parcel at $500 on the pick-up receipt given him by the IPS driver. The...
-
MSI's educational products currently are sold without any supplemental materials. The company is considering the inclusion of instructional materials such as an overhead slide presentation, potential...
-
Given the circuit in Fig. 3.53, calculate the currents i1 through i4? Figure 3.53 2A 0 IA
-
All of the following information pertains to Greens Grocery. Match each of the following parts of Greens accounting information system in the left-hand column with the appropriate item(s) from the...
-
For each of the following, indicate if the statement reflects an input component, output component, or storage component of the accounting information system for a bank. A. Online customer check...
-
What is the age in years of a bone in which the 14 C/ 12 C ratio is measured to be 1.65 10 -13 ?
-
Consider a damped oscillator with m = 0.2 kg, k = 100 N/m, and b = 5 N-s/m. The oscillator is driven by a force F= (1.6 N) cos 20r. (a) If the displacement is given by x = A cos(wt - 8), what are the...
-
Kindly assist in addressing all the questions. This is for a home health care agency . 1 A B [Company Name] D E F [Name] K L M N Pro-forma Business Budget 2 3 4 REVENUE Jan Feb Mar Apr May Jun Jul...
-
During an experiment, a certain device produces a constant, uniform electric field of = (32.7 N/C) + (62.5 N/C) Nearby, a student holds a large circular hoop with a diameter of 1.25 m such that the...
-
A mechanic is reinstalling a newly-sharpened blade on a lawn mower. A wedged-in block of wood at C prevents the blade from rotating as the 32-lb force is applied to the wrench handle. The blade is...
-
Assume that you are designing a highway section in a difficult topography area and you need to consider two simple curves in succession turning in the same direction and having a common tangent...
-
Which of the following subsets of Fare independent? (a) V= P2; {x2 - x + 3, 2x2 + x + 5, x2 + 5x + 1} (b) V = M22; (c) V = F[0, 1];
-
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
-
List the factors that maintain an organization's culture.
-
Identify and describe the phases of organizational socialization.
-
How can culture be transmitted to employees? Provide examples for each.
-
What role does ethical leadership play in crisis management, and how can leaders ensure that ethical principles guide their actions and communications during times of significant stress, uncertainty,...
-
a) Parameterize the curve of intersection of the surfaces x+y=9 and 2x-y+2=5. Use Maple to plot the surfaces together with the curve of intersection. b) Use Maple to plot the surface f(x,y) = xy c)...
-
Any business that operates across state lines must determine the amount of their income that is subject to tax in each state. Given that there is no uniform approach to apportionment, states use...
Study smarter with the SolutionInn App