1. Some data is not directly maintained in the general ledger. For example what we owe to each vendor and what payments are owed from each customer are not directly maintained in the general ledger. Therefor there are sub-ledgers. Data from sub-ledgers are posted in to the General Ledger in reconciliation accounts that consolidate data. Which of the following statements concerning reconciliation accounts are true? (2 correct answers)

a. The reconciliation account for customers is an accounts payable account

b. The reconciliation account for customers is an accounts receivable account

c. The reconciliation account for vendors is an accounts payable account

d. The reconciliation account for vendors is an accounts receivable account

e. The reconciliation account for customers is determined by its asset class

f. The reconciliation account for vendors is determined by its asset class