Asked by
maria cardenas
on Nov 14, 2024Verified
The individual amounts in the Accounts Payable column in the cash payments journal are posted to the subsidiary ledger
A) daily.
B) monthly.
C) weekly.
D) yearly.
Accounts Payable
Liabilities of a business that are due to vendors or suppliers for goods or services received that have not yet been paid for.
Cash Payments Journal
A financial journal that records all cash outflows or payments made by a business.
Subsidiary Ledger
A ledger containing all the details of a general ledger account, allowing for more detailed information and analysis of that account.
- Understand the process and purpose of posting in accounting.
- Grasp the concept of a subsidiary ledger and its relationship with the general ledger.
Verified Answer
BA
Learning Objectives
- Understand the process and purpose of posting in accounting.
- Grasp the concept of a subsidiary ledger and its relationship with the general ledger.