Question: Which statement below best defines an account receivables ledger control account? A. It is part of the ledger accounts for double entry. B. It is

Which statement below best defines an account receivables ledger control account? 

A. It is part of the ledger accounts for double entry. 

B. It is part of the trial balance. 

C. It only deals with totals and not individual transactions. 

D. It is required by legal authorities.

Step by Step Solution

3.48 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer A It is part of the ledger accounts for doub... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!