Accounts receivable subsidiary ledger/Accounts Receivable Cr.
a. Purchases on account
b. Collections from customers on account
c. Adjustment for expired insurance
d. Payments to creditors on account
e. Sales on account

Accounts Receivable Subsidiary Ledger

A ledger containing detailed information on transactions related to individual customers to whom sales on credit have been made.

Collections From Customers

The process and activities involved in gathering all payments owed by customers for goods and services sold to them.

Adjustment For Expired Insurance

This is an accounting entry made to reflect the decrease in value of an insurance premium, representing the portion of the insurance cost that has been utilized over time.