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Alayna Rivera
on Nov 14, 2024

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

Accounts Payable

Liabilities of a business that are due to creditors within a short period, usually less than a year, for goods, services, or supplies purchased on credit.

Subsidiary Ledger

A ledger that provides detailed information about accounts in the general ledger, typically used for accounts receivable, accounts payable, etc.

Creditors

Individuals or entities to whom money is owed by the business or individual for goods or services that have been delivered or used but not yet paid for.

  • Comprehend the relationship between subsidiary ledgers and control accounts.
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Tenita ShepherdNov 15, 2024
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