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An Accounts Receivable Control Ledger Account or Accounts Receivable Master Ledger Account is used to show the final value of all of the Accounts Receivable Subsidiary Ledger Accounts for the accounting period. For example, Mr. A, Mr. B , Mr. C, etc., are the customers of the Company XYZ to whom the company sold goods or services on credit or on account. At the end of the accounting cycle, all the balances of individuals accounts receivables ledger accounts (customers subledgers ledger accounts) are added and transferred to Accounts Receivable Control Ledger Account . The closing balance of that control account must be equal to the total of balances of all of the accounts receivable subledgers accounts. Accounts Receivable Control Ledger Account is also known as Accounts Receivable General Ledger.

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...