Question

The accounts payable ledger has postings from which of the following sets of journals? a.Purchases, cash payments, and general b.Cash payments and sales c.Sales and cash payments d.Purchases, cash receipts, and general e.Purchases and sales

Answer 1

Answer: a. Purchases, cash payments, and general

Explanation:

The accounts payable ledger has postings from the purchases journal, cash payments journal and the general journal.

The accounts payable ledger is also referred to as the creditors ledger because it shows the amount that a company owes its suppliers.

The purchase journal shows the record for the goods that a particular company buys on credit. Cash payments journal shows the transactions which the business pays in cash. The general journal shows business transactions when they take place.

Therefore, the correct option is A.