The accounts receivable credit column of the cash receipts journal is

A. posted by individual amounts only at the end of the month.

B. not posted.

C. posted in summary only at the end of the month.

D. posted in summary at the end of the month and by individual amounts on a daily basis.

The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".

Option: D

Explanation:

In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.