Details of amounts owed by individual debtors are found in the:
A) accounts payable subsidiary ledger.
B) accounts payable control account.
C) accounts receivable subsidiary ledger.
D) general ledger.

Question

Quizplus · Accepted Answer

Details of amounts owed by individual debtors are found in the accounts receivable subsidiary ledger, which is used to track individual customer balances and transactions. The accounts payable subsidiary ledger tracks amounts owed to individual creditors, while the accounts payable control account is a summary account in the general ledger that shows the total amount owed to all creditors. The general ledger is the primary book of accounts that contains all financial transactions for a business.

Details of Amounts Owed by Individual Debtors Are Found in The