To prove the subsidiary ledger agrees with the Accounts Payable controlling account balance, complete a:
A) trial balance.
B) schedule of accounts payable.
C) purchase order.
D) schedule of accounts receivable.

Question

Quizplus · Accepted Answer

A schedule of accounts payable is a detailed list of all the amounts owed to suppliers or vendors, which should match the total in the Accounts Payable controlling account in the general ledger, thus proving the subsidiary ledger agrees with the controlling account balance.

To Prove the Subsidiary Ledger Agrees with the Accounts Payable