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The controlling account in the general ledger that summarizes the debits and credits to the individual customers accounts in the subsidiary ledger is entitled?
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∙ 12y ago
Accounts Receivable.
Wiki User
∙ 12y ago
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What do you call the subsidiary ledger where individual accounts with customers are included?
asset ledger accounts receivable ledger
Where does the sum of customers' unpaid balances that is compared to the general ledger balance comes from?
The sum of customers unpaid balance or balance of account receivables in the General Ledger usually comes from a subsidiary ledger which contains an individual account receivable for each customer, the total of these accounts are summed and placed in one single account in the "general ledger".
Why is the accounts receivable subsidiary ledger organized in alphabetical ordee?
The Accounts receivable subsidiary ledger or any other subsidiary ledger can be in the form of a card file, a binder notebook, a formal, pre-printed ledger page, or computer files. It will not have page numbers, but each account may have a unique number to help identify it. The accounts receivable subsidiary ledger is organized alphabetically by customer name and address; new customers can be added and inactive customers deleted, once the balance in their account is zero. To make ease in journalizing process, the accounts receivable subsidiary ledger are organized in alphabetical order.
What allows the manager to plot out the costs expected to be incurred during the coming year as they work to accomplish their assigned mission and provide goods and services to their customers?
cost modulle
What brokerage accounts does Bank of America offer?
Bank of America offer a range of brokerage accounts to customers. One can open an investment account and make trades with Merrill Lynch or use MLPF&S which is a broker-dealer and subsidiary of Bank of America.
What do you call the subsidiary ledger where individual accounts with customers are included?
asset ledger accounts receivable ledger
How is subsidiary ledger different to the general ledger?
A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account or master account. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.
Where does the sum of customers' unpaid balances that is compared to the general ledger balance comes from?
The sum of customers unpaid balance or balance of account receivables in the General Ledger usually comes from a subsidiary ledger which contains an individual account receivable for each customer, the total of these accounts are summed and placed in one single account in the "general ledger".
Why is the accounts receivable subsidiary ledger organized in alphabetical ordee?
The Accounts receivable subsidiary ledger or any other subsidiary ledger can be in the form of a card file, a binder notebook, a formal, pre-printed ledger page, or computer files. It will not have page numbers, but each account may have a unique number to help identify it. The accounts receivable subsidiary ledger is organized alphabetically by customer name and address; new customers can be added and inactive customers deleted, once the balance in their account is zero. To make ease in journalizing process, the accounts receivable subsidiary ledger are organized in alphabetical order.
How does a telephone company use computers?
billing customers, controlling their call switching equipment, etc.
Why are control account balances reportedd in external financial statements while subsidiary accounts balances are not are subsidiary accounts useful to anyone?
A control account is a summary account in the general ledger. The details that support the balance in the summary account are contained in a subsidiary ledger. The purpose of the control account is to keep the general ledger free of details, yet have the correct balance for the financial statements. The details on each customer and each transaction are recorded in the subsidiary account. Hence, subsidiary account balances are not reported in financial statements because it is not necessary to see the details for every sale or every collection transaction. Yes, subsidiary account balances are useful to the sales manager and the credit manager who will need to know detailed information on individual customers, including whether a customer recently reduced their account balance.
Why advertisments are useful for customers?
Advertisements are good for customers because it introduces a product or service that may not be known by an individual.
How does controlling web traffic accumulate to high profits?
A high amount of profit can be made by controlling web traffic through the redirection potential customers to a certain page where they my view merchandise or products or appeal to them.
How many individual US customers does Bank of America have?
57 million customer.
Which cable company offers premium packages to their customers?
All companies offer premium packages to customers. It is however always for an additional fee, with the numbers varying for each individual company and their customers.
How does electricity consumption database get its info from?
From customers bills. The electricity companies supply the database with their customers consumption (but not personal information identifying individual consumers)
What are Walmart's 3 basic beliefs?
Walmart's three basic beliefs are: respect for the individual, service to their customers, and striving for excellence. They aim to create a positive work environment, provide quality service to customers, and continuously improve their operations.
