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answer all of these The individual amounts in the Accounts Receivable Debit column of a sales journal should be posted to the accounts fecelvable subsidiary
answer all of these
The individual amounts in the Accounts Receivable Debit column of a sales journal should be posted to the accounts fecelvable subsidiary ledger, and the column total should be posted to the Accounts Recelvable account in the generat ledger: True or Folse In a perpetual inventory system the cost of inventory on hand must be determined by counting merchandise inventory in stock. True or False A customer who returns goods or recelves an allowance is entitled to a credit for the appropriate amount of sales tax charged on the original sale. True or False A sales return or a sales allowance is usually recorded in the sales journal. True or False After all postings have been made, the totals of the balances in the accounts recelvable subsidiary ledger should equal the balance of the Accounts Receivable account in the general ledger. True or False Step by Step Solution
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