Create an account
accounts receivable subsidiary ledger
A separate ledger that contains accounts for all charge customers; it is summarized in the Accounts Receivable controlling account in the general ledger.
Amount of money that is present in the cash register drawer at the end of the day minus the starting bank
A sale in which cash is received for the total amount of the sale at the time of the transaction
an account in a general ledger that summarizes all accounts in a subsidiary ledger
A form prepared by the vendor showing the amount deducted for returns and allowances.
credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's accounts receivable
credit allowed a customer for the sale price of returned merchandise, resulting in a decrease in the vendor's accounts receivable
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