How Accountants manage Accounts payable with the help of the subsidiary ledger

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Accounts payable represent the amounts a business owes to its suppliers or vendors for goods and services purchased on credit. The accounts payable subsidiary ledger is a detailed record that contains the individual transactions related to accounts payable. The subsidiary ledger breaks down the total accounts payable into individual accounts for each supplier or vendor.
This lecture video provides a comprehensive overview and step-by-step examples to help you understand the accounts payable subsidiary ledger and how to record transactions into the subledger accounts, balance the subledger to the general ledger and prepare an accounts payable listing.
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Sabine D'Amico

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