If the individual receivables accounts in the receivables ledger are balanced, the sum of all the balances will not be equal to the balance of the receivables control account in the general ledger.

Question

If the individual receivables accounts in the receivables ledger are balanced, the sum of all the balances will not be equal to the balance of the receivables control account in the general ledger.

True

False

Answer 1

False

Explanation: The individual receivables accounts in the receivables ledger should equal the balance of the receivables control account in the general ledger. If they do not match, there may be errors in the accounts that need to be investigated and corrected.