When a business uses a subsidiary accounts receivable ledger there is no need to keep an accounts receivable account in the general ledger true or false?

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1189882

2026-03-30 23:30

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False. Even when a business uses a subsidiary accounts receivable ledger, it still needs to maintain an accounts receivable account in the general ledger. The subsidiary ledger details individual customer transactions, while the general ledger provides a summary of total accounts receivable for financial reporting and reconciliation purposes. Both are necessary for accurate financial management.

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