Bobcats- Accounting Chapter 11 Terms
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6 terms
Terms | Definitions |
|---|---|
 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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