Examlex
We tend to make attributions for our own behaviors,but attributions for others' behaviors.
Accounts Payable
Amounts a company owes to creditors for goods or services that have been bought on credit and are payable within a specified period.
Subsidiary Ledger
A detailed ledger that contains the details of transactions for individual accounts, which then summarize into the general ledger.
Control Account
An account in the general ledger used to summarize and consolidate transactions from multiple subsidiary accounts.
Accounts Payable Subsidiary Ledger
A book or file that contains, in alphabetical order, the name of the creditor and amount owed from purchases on account.
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