What is an Accounts Payable Subsidiary Ledger An accounting ledger of a business that shows its expenses, transaction history, and amounts owed to each supplier. The ledger extends credit from a ...

For example, assume that the following transactions have been posted to accounts payable subsidiary ledger: debits in the amount of $1,000 for purchase returns and discounts received, and credits ...

DPO= (Average Accounts Payable ÷ Cost of Goods Sold) × 365 days Example: If the average AP is $15 million and the cost of goods sold is $100 million: DPO = ($15M ÷ $100M) × 365 ≈ 55 days.

Reconciling an AP Ledger. If you are self-employed or the owner of a small business, you might be tempted to postpone certain bookkeeping chores, such as reconciling your subsidiary ledgers to ...

The Accounts Payable department is responsible for ensuring that vendors supplying goods and services to William & Mary are paid in a manner consistent with the Commonwealth of Virginia's Accounting ...

Lastly, in a general ledger, most transactions have different characteristics, but in an accounts receivable subsidiary ledger, a company records all transactions similarly.