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

Question

Quizplus · Accepted Answer

The accounts payable subsidiary ledger contains information about a company's outstanding debts to suppliers or vendors. The journals that typically contain postings related to accounts payable include the purchases journal, the cash payments journal, and the general journal. Therefore, the best choice would be D, which lists all three of these journals.

The Accounts Payable Subsidiary Ledger Has Postings from Which Set