Question: $ 5 0 0 payment on account is recorded correctly in the Cash Receipts Journal. However, it is mistakenly not posted to the customer's account

500

payment on account is recorded correctly in the Cash Receipts Journal. However, it is mistakenly not posted to the customer's account in the subsidiary ledger. When will the error be detected?

The next time the customer makes a purchase on his account.

When the month

-

end trial balance is prepared.

When the subsidiary ledgers are balanced with the Accounts Receivable control account at the end of the month

Probably never.

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