The accounts payable controlling account equals the sum of all balances of supplier accounts.
Correct option is (d)
Summary transactions relating to accounts payable are recorded in the accounts payable controlling account. Credit purchases of goods from suppliers increase the amount due to suppliers. Balance of accounts payable controlling account on a particular date shows the amount due to suppliers of goods.
Hence, (d) is the correct option.
Accounts payable controlling account is included in company's charts of accounts, hence option (a) is incorrect.
Accounts payable controlling account records summary transactions of accounts payable, hence option (b) is incorrect.
Accounts payable controlling account is not a part of general journal, hence option (c) and (e) are incorrect.
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