An Accounts Payable Subledger Is

question 148

Multiple Choice

An Accounts Payable subledger is

• A)A subsidiary ledger that contains a separate account for each customer that grants credit to the company.
• B)A book of original entry that is designed and used for recording only a specified type of transaction.
• C)A subsidiary ledger that contains an account for each supplier that grants credit to the company.
• D)The ledger that contains the financial statement accounts of a business.
• E)A list of the balances of all the accounts in the Accounts Receivable ledger that is added to show the total amount of accounts receivable outstanding.

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