The Accounts Payable Account in the General Ledger Is

question 102

Multiple Choice

The Accounts Payable account in the general ledger is:

• A) A controlling account for the subsidiary accounts payable ledger.
• B) The account that controls the purchases journal.
• C) The subsidiary account to the purchases journal.
• D) Part of a special journal.
• E) Part of a subsidiary ledger.

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Definitions:

Dollar Bill

A paper currency of the United States valued at one hundred cents.