BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -schedule of creditors. A listing of vendor accounts, account balances, and total amount due all vendors is a schedule of accounts payable. Letter b is incorrect because it refers to customer accounts not vendor accounts.

Detailed explanation-2: -A listing of vendor accounts, account balances, and total amount due all vendors is a. Schedule of accounts payable.

Detailed explanation-3: -A listing of customer accounts, account balances, and total amount due from all customers is a schedule of Accounts Receivable. Accounts Payable is a single general ledger account that summarizes the total amount owed to all vendors.

Detailed explanation-4: -The balance sheet accounts We call these the “balance sheet” accounts because we need them to create a balance sheet for your business, which is one of the most commonly used financial statements.

Detailed explanation-5: -Definition: The schedule of accounts payable is a listing of all vendors in the accounts payable ledger that the company currently owes money along with the current account balances. In other words, the schedule of accounts payable is a list of all the people who the company owes in the accounts payable system.