3 Tutorials that teach Accounts Receivable Subsidiary Ledgers
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Accounts Receivable Subsidiary Ledgers

Accounts Receivable Subsidiary Ledgers

Author: Virginia Coco

In this tutorial, the student will learn about accounts receivable subsidiary ledgers.

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Notes on "Accounts Receivable Subsidiary Ledgers"


Terms to Know

Sales Allowance

The seller’s recording of a deduction given to a customer or business when merchandise is flawed or inferior and the purchaser chooses to keep the merchandise

Sales Return

The seller’s recording of a credit, if credit sale, or cash refund, if cash sale, given to a customer or business when merchandise purchased is flawed or inferior and the customer or business chooses to not keep the merchandise

Source: All images created by Virginia Coco