Accounts receivable subsidiary ledger/Accounts Receivable Dr.
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 detailed ledger that breaks down the accounts receivable account into individual customer accounts, tracking each customer's balance.

Collections From Customers

The process of gathering or receiving payments from customers for goods or services provided.

Adjustment For Expired Insurance

An accounting entry made to reflect the decrease in value of an insurance policy over time, moving its cost from an asset to an expense.