The accounts payable subsidiary ledger ________.
A) does not indicate the amount owed to each vendor
B) shows only a single total for the amount owed on account
C) lists vendors in alphabetical order, along with amounts paid to the vendors and the remaining amounts owed to them
D) has a format that is entirely different from an accounts receivable subsidiary ledger

Question

Quizplus · Accepted Answer

The accounts payable subsidiary ledger lists vendors in alphabetical order, along with amounts paid to the vendors and the remaining amounts owed to them. This ledger provides a detailed breakdown of the accounts payable balance and helps in managing the payment processing to vendors. The other options are incorrect as the accounts payable subsidiary ledger is used to track the amount owed to each vendor, and it has a similar format to the accounts receivable subsidiary ledger.

The Accounts Payable Subsidiary Ledger ________