The Purpose of the Account Payable Subsidiary Ledgers Is

question 25

Multiple Choice

The purpose of the account payable subsidiary ledgers is:

• A)Keep track of the various products being manufactured
• B)Monitor the balance in the various cash accounts at banks
• C)Identify individuals and companies who the company owes money
• D)Identify the cash inflow expected from people who owe money to the company

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Definitions:

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