When an accounts payable subsidiary ledger is used, the entry to Accounts Payable requires two posting references in the general journal.

Question

Quizplus · Accepted Answer

When an accounts payable subsidiary ledger is used, the entry to Accounts Payable requires two posting references in the general journal – one for the accounts payable control account and another for the accounts payable subsidiary ledger.

When an Accounts Payable Subsidiary Ledger Is Used, the Entry