Exam 8: Accounting for Purchases and Accounts Payable

The amount of a check issued to a creditor is posted from the cash payments journal to the debit column of the creditor's account in the accounts payable subsidiary ledger.

When an accounts payable subsidiary ledger is used, the entry to Accounts Payable requires two posting references in the general journal.

Whenever a sales department needs goods, it sends the purchasing department a form called a(n) ____________________.

After a supplier of merchandise is selected, the purchasing department issues a form called

A purchase of supplies on account should be recorded in the purchases journal.