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chapter11-SA
Question | Answer |
---|---|
subsidary ledger | a ledger that is summarized in a single gerenal ledger account |
acounts payable ledger | a subsidiarty ledger containing only accounts for vendors fromw hom merchandise or other itesm are purchased on account |
acounts recviable ledger | a subsidiary ledger containing only accounts for charge accounts |
controlling account | an account in a gereral ledger that summarixes all accounts in a subsidiary ledger |
schedule of accounts payable | a listing of vendors accounts account balances and total amount due all vendors |
schedule of accounts receivable | a list of customer accounts account balances and total amount due from all customers |