The accounts payable subsidiary ledger:
A) lists accounts alphabetically.
B) lists accounts for which the company owes money.
C) has a controlling account in the general ledger.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

The accounts payable subsidiary ledger lists individual accounts (suppliers/vendors) to which the company owes money, is organized in a manner that can be alphabetical among other methods, and is controlled by a summary account in the general ledger, making all the given options correct.

The Accounts Payable Subsidiary Ledger