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TVS Accounting1-11

Accounting 1 Chapter 11

QuestionAnswer
A ledger that is summarized in a single general ledger account Subsidiary Ledger
A subsidiary ledger containing only accounts for vendors from whom merchandise or other items are purchased on account Accounts Payable Ledger
A subsidiary ledger containing only accounts for charge customers Accounts Receivable Ledger
An account in a general ledger that summarizes all accounts in a subsidiary ledger Controlling Account
A listing of vendor accounts, account balances, and total amount due all vendors Schedule of Accounts Payable
A listing of customer accounts, account balances and total amount due from all customers Schedule of Accounts Receivable
Created by: TammieVanScyoc
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