accounts payable

missmisha · #1 Aug 3, 2007, 11:46 AM

what is an accounts payable ledger

carp8dm · Aug 3, 2007, 03:46 PM

It is a subsidiary ledger with the seperate accounts of each person or company we owe money to. It is usually used with the purchases journal. It is basically a breakdown of the accounts payable account. The ledger shows us how much we owe each seperate entity. The accounts payable account shows us the total amount we owe our creditors. The payable ledger shows us how much we owe each specific creditor.



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