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mediumMCQCUET Accountancy 2023 11 June Shift 32026Accountancy
1 mark

Where are amounts owed by customers for credit purchases found:

  1. A
    Accounts Receivable Journal
  2. B
    General Ledger
  3. C
    Sales Journal
  4. D
    Accounts Receivable Subsidiary Ledger

Solution & Step-by-step Explanation

Detailed breakdowns of specific individual customer accounts and the corresponding balances they owe to the company are tracked inside the Accounts Receivable Subsidiary Ledger. The primary Accounts Receivable control account in the General Ledger shows only summary figures.

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Where are amounts owed by customers for credit purchases found:
A
Accounts Receivable Journal
B
General Ledger
C
Sales Journal
D
Accounts Receivable Subsidiary Ledger

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