Posting from the journals of McKedrick Realty is complete. But the total of the individual balances in

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Posting from the journals of McKedrick Realty is complete. But the total of the individual balances in the accounts payable subsidiary ledger does not equal the balance in the Accounts Payable control account in the general ledger. Does this necessarily indicate that the trial balance is out of balance? Explain.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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