The purchasing agent of Superb Service Co.wants to know the dollar amount of inventory purchased on account during the year from a particular supplier.This information can be found most easily in Superb Service's:
A)Inventory subsidiary ledger.
B)Accounts payable controlling account.
C)Inventory controlling account.
D)Accounts payable subsidiary ledger.

Question

Quizplus · Accepted Answer

The dollar amount of inventory purchased on account from a particular supplier would be recorded in the accounts payable subsidiary ledger, which maintains a record of all individual creditor balances.

The Purchasing Agent of Superb Service Co