When using a subsidiary ledger, the Accounts Payable account in the general ledger is called the
A) master account.
B) subsidiary account.
C) receivable account.
D) controlling account.

Question

Quizplus · Accepted Answer

The Accounts Payable account in the general ledger is referred to as the controlling account because it controls and summarizes the total balance of all individual accounts in the Accounts Payable subsidiary ledger.

When Using a Subsidiary Ledger, the Accounts Payable Account in the General