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Acctg I - Ch 12
Maplewood Rice Acctg Vocab Ch 12
Question | Answer |
---|---|
A ledger that is summarized in a single general ledger account | subsidiary ledger |
A subsidiary ledger containing only accounts for vendors (purchases) | accounts payable ledger |
A subsidiary ledger containing only accounts for customers (sales) | accounts receivable ledger |
An account in a general ledger that summarizes all accounts in a subsidiary ledger | controlling account |
A listing of vendor accounts, balances and amounts due | schedule of accounts payable |
A listing of all customer accounts, balances and amounts due | schedule of accounts receivable |