Final answer:
The statement is true as the Accounts Receivable control account's total must match the sum of all subsidiary accounts for individual credit customers to maintain accurate financial records.
Step-by-step explanation:
The statement that the total for the subsidiary accounts for each individual credit customer should equal the total Accounts Receivable control account is TRUE. In accounting, the Accounts Receivable control account is a summary account that reflects the total amount owed by all credit customers, while the subsidiary accounts break down this total into individual amounts owed by each customer. The subsidiary ledger provides detail of each individual transaction and customer, and when consolidated, it should match the control account. This ensures that the general ledger and the subsidiary ledger are in balance and accurately represent the company's financial position regarding receivables.