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Hundreds of thousands of separate receivables

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Reference no: EM131253865

A company such as Dell Inc. must have thousands or even hundreds of thousands of separate receivables. The accounts receivable T-account maintains the total dollar amount owed to the companybut does not indicate the balance due from each individual customer. How does an accounting system monitor all the specific receivable amounts? That has to be essential information for any organizationfor billing and collection purposes.

Reference no: EM131253865

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