The accounts payable subsidiary ledger has postings from which sets of journals?
A)sales, cash payments, and general
B)purchases, cash receipts, and sales
C)purchases, cash payments, and general
D)purchases, general, and cash receipts

Question

Quizplus · Accepted Answer

The accounts payable subsidiary ledger is primarily affected by transactions involving purchases (where liabilities to suppliers are incurred), cash payments (where these liabilities are settled), and general journal entries (for adjustments, corrections, or any other transaction affecting accounts payable).

The Accounts Payable Subsidiary Ledger Has Postings from Which Sets