Question
Why are Accounts Receivable opening balances not posted to the General Ledger? a. Accounts Receivable is a control account. b. The Accounts Receivable amount is
Why are Accounts Receivable opening balances not posted to the General Ledger?
a. Accounts Receivable is a control account.
b. The Accounts Receivable amount is already in the Accounts Receivable General Ledger account.
c. Opening balance are not entered.
d. You are not able to post to the General Ledger.
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
