The total of the balances in the individual creditor's accounts should agree with the balance of:
A)the Sales account in the general ledger.
B)the Accounts Receivable account in the general ledger.
C)the Purchases account in the general ledger.
D)the Accounts Payable 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 represent amounts the company owes to its suppliers or vendors, which is what the Accounts Payable account tracks.

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