Why would a company use a subsidiary ledger for its Accounts Receivable?
Question:
Why would a company use a subsidiary ledger for its Accounts Receivable?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
When a company uses a subsidiary ledger its like having two sepa...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
-
Why would a company use an inventory estimation method?
-
Why would a company use an asset based 3PL service provider versus a non-asset based provider?
-
Why would a company use e-mail or text messaging instead of postal direct mail for marketing?
-
Name the types of consumer decision-making processes. List some products you have bought using each type. Have you ever bought a product on impulse? If so, describe the circumstances.
-
Each of the following situations could exist for a perfectly competitive firm in the short run. In each case, indicate whether the firm should produce in the short run or shut down in the short run,...
-
Why is it less risky to steal online? Explain some of the ways criminals deceive consumers and merchants.
-
Mr. Jenkins, this is typical question: Do you feel that I have treated you fairly in this interview?
-
Leoni Co. receives $240,000 when it issues a $240,000, 10%, mortgage note payable to finance the construction of a building at December 31, 2010. The terms provide for semiannual installment payments...
-
Map the EER model of the following databases, to a relational model. Show all integrity types(Clarify your answer by underline the Primary key, and dotted line the Foreign Key). (a) International...
-
An employee earns $55,000 per year and is paid on a semi-monthly pay schedule. The employee enjoys the benefit of a company paid cell phone for personal use (cost is $150 per month) and receives 6%...
-
Any device used to provide the results of processing data is a(n) ________ device. A. Sources B. Input C. Output D. Storage
-
Piedmont Inc. has the following transactions for the month of July. A. Record the transactions for Piedmont Inc. in the proper special journal, and post them to the subsidiary ledger and general...
-
Discuss the required accounting disclosures for OPEBs.
-
A company sells an asset for $10,000 at the end of a project. It originally paid $30,000 for that asset, and up to the time the asset was sold it had taken a total of $15,000 in depreciation chagres...
-
An investor in a local company receives a copy of the company's financial statements. The information clearly shows the company earned a profit in the last period, but the accompanying letter states...
-
The fixed assets account of Brothers Inc. has a balance of $100,000 and $120,000 at the end of year 2016 and year 2015, respectively. The accumulated depreciation account balances are $50,000 and...
-
I. SIMPLE INTEREST: 1. How much is the amount and the accrued simple interest of $ 18,950; at 6.585% for seven years and nine months? 2. Find the difference between the exact simple interest and...
-
In class we discussed the following example of valuing the goodwill amortization in M&A: Term 15 Cost of debt 0.07 Tax 0.40 Example ($ ) Stock Purchase Price $60,000,000 Purchase Price Allocation...
-
What is the pivotal construct of the Campinha-Bacote's Model?
-
Design and describe an application-level protocol to be used between an automatic teller machine and a bank's centralized computer. Your protocol should allow a user 's card and password to be...
-
Define conflict.
-
Explain contemporary perspectives of conflict.
-
Contrast task, relationship, and process conflict.
-
What refers to the weight, volume, or container size in which a product can be obtained?
-
Results of the Research Project Parts 1 and 2 As an initial response to the discussion topic please create a PowerPoint presentation consisting of 7-8 slides, plus the title slide, that contains the...
-
You are analyzing your organization's financial records. As part of the analysis you have created a calendar table that is related to the other tables in your data model that contains financial...
Study smarter with the SolutionInn App