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29 March, 21:12

What are sales transactions posted to the accounts receivable subsidiary ledger? Why?

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  1. 30 March, 00:22
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    Answer: Transactions and Payment History.

    Explanation:

    The general ledger records the transactions and payment history of each customer to whom the business provides credit. The balance in each client account is periodically adjusted to the stability of accounts receivable in the general ledger, to ensure accuracy. It also provides details of these sales, showing dates and account numbers, credit, payments made against credit sales, discounts and refunds and fees.
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