The total of the balances in the individual creditor's accounts should agree with the balance of
A) the Purchases account in the general ledger.
B) the Accounts Receivable account in the general ledger.
C) the Accounts Payable account in the general ledger.
D) the Sales account in the general ledger.

Question

Quizplus · Accepted Answer

The total of the balances in the individual creditor's accounts should agree with the balance of the Accounts Payable account in the general ledger, as creditors are liabilities representing amounts owed to suppliers.

The Total of the Balances in the Individual Creditor's Accounts