An Accounts Payable Ledger

Multiple Choice

An accounts payable ledger:

A) Contains an account for each credit customer.
B) Lists the balances of selected accounts that are added to show the total amount of the significant long-term creditors outstanding.
C) Is a book of original entry designed and used for recording only a specified type of transaction.
D) Contains the financial statement accounts of a business.
E) Contains a separate account for each creditor (supplier) to the company.