An Accounts Payable Ledger Is

question 108

Multiple Choice

An accounts payable ledger is:

• A) A subsidiary ledger that contains an account for each supplier (creditor).
• B) 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.
• C) A book of original entry that is designed and used for recording only a specific type of transaction.
• D) The ledger that contains the financial statement accounts of a business.
• E) A subsidiary ledger that contains a separate account for each party that grants both short-term and long-term credit on account to the company.

---

Definitions:

Medical Diseases

Conditions that affect the body's structures or functions and are typically characterized by specific signs and symptoms, often with a known cause.

Sensory Functions

The physiological capacities of organisms that provide data for perception, including sight, hearing, touch, taste, and smell.

Conversion Disorder

A mental condition where psychological stress is expressed through physical symptoms that cannot be explained by medical condition.

Muscle Atrophy

The wasting or loss of muscle tissue, which can occur due to lack of use, disease, or injury.