Business, Legal & Accounting Glossary
A type of ledger used in a company’s accounting procedures that separates out the history of payments and transactions for each of the company’s customers who have had credit extended to them by the company. The ledger is a temporary account, and is used to aide any updates made to the permanent asset accounts at the end of each period.
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This glossary post was last updated: 20th November, 2021 | 0 Views.