What is Accounts Payable Control Ledger Account

Accounts Payable Control Ledger Account is a master ledger account that records the total of balances of all of the Accounts Payable Subsidiary Ledger Accounts for the accounting cycle.

For example, XYZ, ABC, etc., are the suppliers of the company. Then all the information related to individual accounts payable such as Credit Purchases, Purchases Returns, cash paid to supplies, etc., are recorded in the relevant Subledgers. At the end of the accounting period, the total of balances are transferred to Accounts Payable Control Ledger Account at one place. Obviously, the total of the balances from these subledgers are always equal to the balance shown in one single account i.e., accounts payable control account of a company.