A list of all accounts and their balance in the accounts payable subsidiary ledger is also known as a:
A) trial balance.
B) schedule of creditors.
C) control account.
D) statement of financial position.

Question

Quizplus · Accepted Answer

A schedule of creditors (or accounts payable) is a list of all accounts and their balances in the subsidiary ledger for accounts payable at a particular date.

A List of All Accounts and Their Balance in the Accounts