Ask a New Question

The accounts of individual payables in the Payables ledger must be in the Three-column format and the Receivables control account in the General ledger must be in T-format.

True

False

1 answer

False

Similar Questions

From the perspective of Detroit Co., which has payables in Mexican pesos and receivables in Canadian dollars, hedging the
1. 1 answer
The individual amounts in the Accounts Receivable Debit column of a sales journal should be posted to the accounts receivable
1. 0 answers
__________ accounts show the amount of money owed to the firm by customers.A. Supply B. Prepaid C. Receivables D. Payables C
1. 0 answers
__________ accounts show the amount of money owed to the firm by customers.A. Supply B. Prepaid C. Receivables D. Payables C
1. 0 answers

more similar questions