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Question 15 of 20

Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. the terms of the sale
B. the date
C. the name of the vendor
OD. the balance
SUBMIT

User Allanrbo
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1 Answer

3 votes

Answer:

credit entry

Step-by-step explanation:

The accounts payable subsidiary ledger is a breakdown of the total amount of payables listed on the general ledger. In other words, the subsidiary ledger contains the individual payables owed to each of the suppliers and vendors, as well as the amounts owed.

When recording an account payable, debit the asset or expense account to which a purchase relates and credit the accounts payable account. When an account payable is paid, debit accounts payable and credit cash. Payroll entry.

The accounts payable subsidiary ledger provides detailed information about amounts owed to creditors.

The total of the individual account balances in the accounts receivable subsidiary ledger should agree with the total of the individual account balances in the accounts payable subsidiary ledger.

User Andrei Chevozerov
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