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Question(s) / Instruction(s):

An accounts payable ledger is:

a)            A subsidiary ledger that contains an account for each supplier (creditor).

b)            A list of the balances of all the accounts in the accounts receivable ledger that is added to show the total amount of accounts receivable outstanding.

c)            A book of original entry that is designed and used for recording only a specific type of transaction.

d)            The ledger that contains the financial statement accounts of a business.

e)            A subsidiary ledger that contains a separate account for each party that grants both short-term and long-term credit on account to the company.

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