No amounts are posted from the purchases journal to the accounts payable subsidiary ledger during the month.

Question

Quizplus · Accepted Answer

The purchases journal is used to record credit purchases made by a company. The amounts recorded in the purchases journal are then posted to the accounts payable subsidiary ledger to keep track of the outstanding balances owed to vendors. Therefore, amounts should be posted from the purchases journal to the accounts payable subsidiary ledger during the month.

No Amounts Are Posted from the Purchases Journal to the Accounts