Accounts Payable Ledger

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1 Types

Definitions

Accounts Payable Ledger Accounting Supplier Transactions Credit Transactions General Ledger Outstanding Balances

The Accounts Payable Ledger is a detailed accounting record of amounts owed to suppliers, listing each credit transaction involving a supplier and tracking the outstanding balances.

Definitions

Subsidiary Ledger

Subsidiary Ledger Accounts Payable Ledger Accounts Receivable Ledger General Ledger Financial Accounting Detail Records Data Consistency

A subsidiary ledger provides detailed information supporting a specific umbrella account found in the general ledger, ensuring data consistency and detailed record-keeping.