An accounts payable ledger:
A. Lists the balances of selected accounts that are added to show the total amount of the significant long-term creditors outstanding.
B. Is a book of original entry designed and used for recording only a specified type of transaction.
C. Contains a separate account for each supplier to the company.
D. Contains an account for each credit customer.
E. Contains the financial statement accounts of a business.
Answer: C
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