Entries in the purchases journal are posted to the:
A)general ledger only.
B)general ledger and the accounts payable subsidiary ledger.
C)accounts payable subsidiary ledger and the purchases ledger.
D)accounts payable subsidiary ledger only.

Question

Quizplus · Accepted Answer

Entries in the purchases journal are typically posted to both the general ledger and the accounts payable subsidiary ledger. The general ledger reflects the overall financial transactions, while the accounts payable subsidiary ledger provides detailed information about amounts owed to each creditor.

Entries in the Purchases Journal Are Posted to The