A book that contains individual accounts of suppliers is the

Assessment: WAEC SSCE - Financial Accounting - 2014 (Objective) Subject: Financial Accounting

Question 1 Report

A book that contains individual accounts of suppliers is the

Answer Details
A book that contains individual accounts of suppliers is the purchase ledger. This is a subsidiary ledger in which individual accounts of suppliers are recorded. It is used to keep track of credit purchases made by a company and the amount owed to each supplier. The purchase ledger is an important part of the accounting system as it allows a company to monitor and manage its outstanding payables to suppliers.
Read lesson note on Nature And Significance Of Accounting (JAMB)
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