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In a small business, the customer accounts are usually kept in alphabetical order.

A) True
B) False

Correct Answer

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A sales return or a sales allowance is usually recorded in the sales journal.

A) True
B) False

Correct Answer

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When an accounts receivable subsidiary ledger is used, the Accounts Receivable account in the general ledger is considered to be a(n) ____________________ account.

Correct Answer

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