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.

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This is correct. The Accounts Payable ledger tracks individual balances owed to creditors, which are then summarized in the controlling account for Accounts Payable in the General Ledger.

The Accounts Payable Ledger Has a Controlling Account in the General