Help with accounting

Accounting
Tutor: None Selected Time limit: 1 Day

What is the controlling account for the amounts owed to individual creditors?
A. Accounts Payable in the general ledger
    
B. Accounts Receivable in the general ledger
    
C. Accounts Receivable in the subsidiary ledger
    
D. Accounts Payable in the subsidiary ledger

Apr 27th, 2015

D. AP in the subsidiary ledger

The amounts are owed, so they are payable. You are also looking for the individual account balances, which will be found in the subsidiary ledger, which is more detailed. 

Apr 26th, 2015

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Apr 27th, 2015
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Apr 27th, 2015
Dec 10th, 2016
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