To which of the following is the receivables ledger control account reconciled?
A: Aged receivables analysis
B: Payables ledger
C: Receivables ledger
D: Cash book
A: Aged receivables analysis
B: Payables ledger
C: Receivables ledger
D: Cash book
举一反三
- The balance on the receivables control account should be reconciled to which of the following? A: The sales day book B: The receivables ledger C: Invoices and remittance advices D: The cash book
- Personal accounts are contained in the _____. A: Note receivables ledger B: account receivables ledger C: account payables ledger D: Note payables ledger
- Which one of the following is not the purpose of a receivables ledger control account? A: A receivables ledger control account provides a check on the arithmetical accuracy of the personal ledger. B: A receivables ledger control account helps to locate errors in the trial balance. C: A receivables ledger control account ensures that there are no errors in the personal ledger. D: Control accounts help deter fraud
- The sales day book total has been undercast by $3,500. What adjustment needs to be made to reconcile the receivables control account to the receivables ledger? A: DR $3,500 to the receivables ledger B: CR $3,500 to the receivables control account C: CR $3,500 to the receivables ledger D: DR $3,500 to the receivables control account
- Which one of the following is not a purpose of a receivables ledger control account?