A subsidiary ledger that contains individual accounts of creditors.

Question

Quizplus · Accepted Answer

The Accounts Payable Ledger is a subsidiary ledger that contains individual accounts of creditors. It is used to keep track of the amounts owed to each creditor and payments made to them. The other options, Purchase Journal and Vendor Ledger, refer to different types of records and do not specifically pertain to the individual accounts of creditors. The term "creditor ledger" is not commonly used in accounting.

A Subsidiary Ledger That Contains Individual Accounts of Creditors