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Which of the Following Is True of an Accounts Payable

Question 60

Multiple Choice

Which of the following is true of an accounts payable subsidiary ledger?


A) It does not indicate the amount owed to each vendor.
B) It shows only a single total for the amount owed on account.
C) It lists vendors in alphabetical order, along with amounts paid to the vendors and the remaining amounts owed to them.
D) Its format is entirely different from an accounts receivable subsidiary ledger.

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