8. Which of the following would be consistent with an employee taking cash recei

Question

8. Which of the following would be consistent with an employee taking cash receipts from customers on account? The total of the accounts receivable subsidiary ledger balances is less than the accounts receivable control account. (a) (b) (o) (d) Total cash receipts from customers for the month are greater credit sales for the month. than The total of the accounts receivable subsidiary ledger balances is greater than the accounts receivable control account. Total cash receipts from customers for the month are less than credit sales for the month.

Explanation / Answer

The total of the accounts receivable subsidiary ledger balances is less than the accounts receivable control account.

So Option (a) is correct answer.

Related Questions

Navigate

• Browse (All)
• Browse 8
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.