accrual basis?

1 ⤊

should my a/p on my balance sheet match the aging payables report?

2007-10-04 09:24:37 · 2 answers · asked by boarguello 1 in Business & Finance ➔ Corporations

2 answers

Definitely. Your AP control a/c balance in the General Leger should always match the total of all the individual AP balances extracted from the creditors subsidiary ledger as well as the total of the AP aged listing.

2007-10-04 16:53:42 · answer #1 · answered by Sandy 7 · 1⤊ 0⤋

Yes most definitely. The control account should match with the total of individual accounts.

2007-10-07 03:43:59 · answer #2 · answered by Kishore 3 · 0⤊ 0⤋