A schedule of accounts payable is used to prove that the sum of the accounts payable ledger balances equals the Accounts Payable balance in the general ledger.

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A schedule of accounts payable is a reconciliation tool used to ensure that the total of the accounts payable balance in the general ledger matches the sum of the balances in the accounts payable subsidiary ledger. This helps to identify any discrepancies or errors in the accounts payable records.

A Schedule of Accounts Payable Is Used to Prove That