Accounts Receivable T Account
Here we will study about Accounts Receivable T Account or Control Ledger in Accounting. Accounts Receivable / Debtor T Account or Accounts Receivable Control Ledger is the Master Ledger Account which shows the various Business Transactions related to Accounts Receivable / Debtor and these Transactions are transferred from the Journal Of Each Accounts Receivable / Debtor that record Busi ness Transactions related to each individual 's customers or Accounts Receivable Subsidiary Ledgers or Sub-Ledgers . If the company has just started its business , then there is no Opening Balance of Accounts Receivable. For the next Accounting Period or Accounting Cycle, Accounts Receivable T Account has a Opening Balance. The Closing Balance is the balance that is transferred to Balance Sheet . This Closing Balance is calculated at Net Realizable Value by Deducting Allowance For Doubtful Accounts in order to give true and reliable information to...