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3 Tutorials that teach Accounts Payable Subsidiary Ledgers
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Accounts Payable Subsidiary Ledgers

Accounts Payable Subsidiary Ledgers

Author: Virginia Coco

In this tutorial, the student will learn about accounts payable subsidiary ledgers.

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Notes on "Accounts Payable Subsidiary Ledgers"

Terms to Know

Purchase Return

Credit, if credit sale, or cash refund, if cash sale, given to a customer or business when merchandise purchased is flawed or inferior and the customer or business chooses to not keep the merchandise

Purchase Allowance

A deduction given to a customer or business when merchandise is flawed or inferior and the purchaser chooses to keep the merchandise

Source: All images created by Virginia Coco