Q: Will the balance of the accounts receivable controlling account agree with the balance of the accounts receivable ledger at all times during a month? Why or why not?

Q: Why is the revenue journal posted to the accounts receivable subsidiary ledger periodically throughout the month, while it is posted to the general ledger only at the end of the month?

Q: What accounts are in the chart of accounts of a periodic inventory system? What accounts are in the chart of accounts of a perpetual inventory system?