A subsidiary ledger that contains a separate account for each supplier (creditor) to 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 (creditor) to the company. It is a subsidiary ledger that feeds into the general ledger's controlling account for accounts payable.

A Subsidiary Ledger That Contains a Separate Account for Each