9 Account Payable Ledger

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Description of Figure 1 1 follows
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accounts payable general ledger account the general ledger account accounts payable or trade payables is a current liability account since the amounts owed are usually due in 10 days 30 days 60 days etc the balance in accounts payable is usually presented as the first or second item in the current liability section of the balance sheet what is an accounts payable ledger definition definition the accounts payable ledger also called the creditors ledger is a subsidiary ledger that lists all of the vendors and suppliers that a pany owes along with their account balances and details in other words the a p ledger is a summary of all the current and outstanding accounts payable accounts payable subsidiary ledger investopedia an accounts payable subsidiary ledger is an accounting ledger that shows the transaction history and amounts owed for each supplier from whom the business receives credit for purchases accounts payable ledger beginner bookkeeping accounts payable ledger this accounts payable ledger is an excel spreadsheet in to which you can list all your business purchases made on account this helps you track what you owe to each vendor supplier and you can see at a glance when you need to pay your bills accounts payable ledger — accountingtools the general ledger account balance for accounts payable is pared to the ending accounts payable ledger balance to ensure that the two match this parison is done as part of the period end closing process accounts payable ledger template beautiful clients & profits visual how accountants handle accounts payable and payment transactions download accounts payable excel template exceldatapro ch 11 sec 1 posting to accounts payable ledger order accounts payable ledgers from deluxe