Llamas live wild in South America, mainly in Peru, Chile, Argentina, and Bolivia. However, they have been domesticated and there are farms all over the United States and Canad â¦ a that raise llamas.
Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.
With these details in the subsidiary ledger, the Accounts Receivable account in the general ledger can be a control account. As a control account, it will simply report the aggregate amounts of the accounts receivable activity. By having the details of the accounts receivable activity in a subsidiary ledger, a company can better control its financial information.