Entries in the purchases journal are posted to the:
A)general ledger only.
B)general ledger and the accounts payable subsidiary ledger.
C)accounts payable subsidiary ledger only.
D)accounts payable subsidiary ledger and the purchases ledger.

Question

Quizplus · Accepted Answer

The purchases journal records all purchases made on credit, which are then posted to the general ledger and the accounts payable subsidiary ledger. The general ledger is the main accounting record for the company, while the accounts payable subsidiary ledger is a detailed record of all outstanding invoices and payments owed to suppliers. Therefore, the purchases journal must be posted to both ledgers to keep accurate records of purchases and payments.

Entries in the Purchases Journal Are Posted to The