• Why would a company maintain separate accounts receivable ledgers for each customer, as opposed to maintaining a single accounts receivable ledgers for all customers? Discuss the pros and cons. What are the major advantages of the use of special journals?

Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter4: The Revenue Cycle
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• Why would a company maintain separate accounts receivable ledgers for each customer, as
opposed to maintaining a single accounts receivable ledgers for all customers? Discuss the pros
and cons.
What are the major advantages of the use of special journals?
Transcribed Image Text:• Why would a company maintain separate accounts receivable ledgers for each customer, as opposed to maintaining a single accounts receivable ledgers for all customers? Discuss the pros and cons. What are the major advantages of the use of special journals?
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