The Accounts Payable account in the general ledger is:
A) A controlling account for the subsidiary accounts payable ledger.
B) The account that controls the purchases journal.
C) The subsidiary account to the purchases journal.
D) Part of a special journal.
E) Part of a subsidiary ledger.

Question

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The Accounts Payable account in the general ledger is a controlling account for the subsidiary accounts payable ledger. This means that any changes made in the subsidiary ledger are summarized and recorded in the general ledger's Accounts Payable account.

The Accounts Payable Account in the General Ledger Is