Bobcats- Accounting Chapter 11 Terms

Created by Dmdt1211 

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6 terms

accounts payable ledger

a subsidiary ledger containing only accounts for vendors from whom merchandise or other items are purchased on account

accounts receivable ledger

a subsidiary ledger containing only accounts for charge customers

controlling account

an account in a general ledger that summarizes all accounts in a subsidiary ledger

schedule of accounts payable

a listing of vendor accounts, account balances, and total amount due all vendors

schedule of accounts receivable

a listing of customer accounts, account balances, and total amount due from all customers

subsidiary ledger

a ledger that is summarized in a single general ledger account

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