An Accounts Payable Ledger

question 41

Multiple Choice

An accounts payable ledger:

• A)Contains an account for each credit customer.
• B)Lists the balances of selected accounts that are added to show the total amount of the significant long-term creditors outstanding.
• C)Is a book of original entry designed and used for recording only a specified type of transaction.
• D)Contains the financial statement accounts of a business.
• E)Contains a separate account for each creditor (supplier)to the company.

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Definitions:

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