A subsidiary ledger that contains a separate account for each supplier (creditor) to the company is a(n):
A) Controlling account.
B) Special journal.
C) Accounts receivable ledger.
D) General ledger.
E) Accounts payable ledger.

Question

Quizplus · Accepted Answer

A separate account for each supplier (creditor) to the company is known as an accounts payable ledger. Therefore, the correct option is E - Accounts payable ledger.

A Subsidiary Ledger That Contains a Separate Account for Each