The document discusses the accounts payable subsidiary ledger. A subsidiary ledger contains detailed records for each vendor with whom a business has an accounts payable balance. It records individual transactions such as invoices, payments, and credits for each vendor to arrive at the current accounts payable balance owed to that vendor.
The document discusses the accounts payable subsidiary ledger. A subsidiary ledger contains detailed records for each vendor with whom a business has an accounts payable balance. It records individual transactions such as invoices, payments, and credits for each vendor to arrive at the current accounts payable balance owed to that vendor.
The document discusses the accounts payable subsidiary ledger. A subsidiary ledger contains detailed records for each vendor with whom a business has an accounts payable balance. It records individual transactions such as invoices, payments, and credits for each vendor to arrive at the current accounts payable balance owed to that vendor.
The document discusses the accounts payable subsidiary ledger. A subsidiary ledger contains detailed records for each vendor with whom a business has an accounts payable balance. It records individual transactions such as invoices, payments, and credits for each vendor to arrive at the current accounts payable balance owed to that vendor.