The Accounts Payable Ledger Has a Controlling Account in the General

question 162

True/False

The accounts payable ledger has a controlling account in the general ledger and a separate subsidiary account for each creditor in the accounts payable ledger.

---

Definitions:

Advertising Expenses

Costs incurred to promote products or services through various media to attract customers.

Monthly Rent

A recurring expense for using property or equipment, paid on a monthly basis.

Advertising Expense

Advertising expense is the cost incurred in promoting products or services to generate sales or increase brand awareness through various media channels.

Rent Expense

The cost incurred by a company or individual for the use of a property or equipment.