The accounts payable subsidiary ledger:A) lists accounts alphabetically.B) lists accounts for which the company owes money.C) has a controlling account in the general ledger.D) All of the above are correct.

Question

The accounts payable subsidiary ledger:A)  lists accounts alphabetically.B)  lists accounts for which the company owes money.C)  has a controlling account in the general ledger.D)  All of the above are correct.

ravindran.p Project Manager · Accepted Answer

Final Answer : D, Explanation :  The accounts payable subsidiary ledger lists individual accounts (suppliers/vendors) to which the company owes money, is organized in a manner that can be alphabetical among other methods, and is controlled by a summary account in the general ledger, making all the given options correct.

The accounts payable subsidiary ledger:

A) lists accounts alphabetically.
B) lists accounts for which the company owes money.
C) has a controlling account in the general ledger.
D) All of the above are correct.

Definitions

Learning Objectives

Learning Objectives

Related questions