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.

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