Examlex
Of which of the following is OPEC an example?
Accounts Payable Subsidiary Ledger
A detailed record used to track amounts owed to suppliers or creditors separate from the general ledger.
General Ledger
A comprehensive ledger that contains all the financial accounts of a business, recording every transaction that occurs.
Accounts Receivable Subsidiary Ledger
A detailed ledger that tracks individual transactions with customers, supporting the summary balances shown in the main accounts receivable account.
Accounts Payable
Accounts payable refers to the amounts owed by a company to its creditors for goods or services received that have not yet been paid for.
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