A subsidiary ledger that contains a separate account for each supplier of the company is a(n):
A)Controlling account
B)Accounts receivable ledger
C)Accounts payable ledger
D)General ledger
E)Special journal

Question

Quizplus · Accepted Answer

An accounts payable ledger contains a separate account for each supplier of the company, making it easier to keep track of amounts owed to each individual supplier.

A Subsidiary Ledger That Contains a Separate Account for Each