The customers subsidiary ledger is controlled by the general ledger account entitled Accounts Payable.

Name: The customers subsidiary ledger is controlled by the general ledger account entitled Accounts Payable.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The customers subsidiary ledger is controlled by the general ledger account entitled Accounts Receivable, not Accounts Payable. Accounts Payable is used for recording amounts the company owes to its suppliers.

The Customers Subsidiary Ledger Is Controlled by the General Ledger