How can we help?

You can also find more resources in our Help Center.

Chapter 13

STUDY
PLAY
Subsidiary Ledger
A ledger that is summarized in a single general ledger account
Accounts Payable Ledger
A subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on accounts
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 Account Payable
A listing of vendors accounts, accounts balances, and total amount due all vendors
Schedule Of Accounts Receivable
A listing of customers accounts, accounts balances, and total amounts due from all customers receivable