(a) What are the advantages of using an accounts receivable subsidiary ledger? (b) Describe the relationship between...

Question:

(a) What are the advantages of using an subsidiary ledger?
(b) Describe the relationship between the general ledger control account and the subsidiary ledger.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...