When a company uses an accounts receivable subsidiary ledger, it must make one entry into the individual

Question:

When a company uses an accounts receivable subsidiary ledger, it must make one entry into the individual account of the subsidiary ledger and another entry into the accounts receivable account of the general ledger. If two entries are made, will the debits equal the credits in the trial balance? Why or why not?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting Ch 1-14

ISBN: 9781260904314

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

Question Posted: