Receivable ledger and payables are types of:

• A. Subsidiary ledgers
• B. Main ledgers
• C. Control ledgers
• D. Nominal ledgers

Answer: (A)

The main idea here is that there are two detailed records used to track amounts owed to and by the business, separate from the general ledger. The receivable ledger (debtors) and the payables ledger (creditors) are subsidiary ledgers. They hold the individual balances for each customer and each supplier, while the totals of these balances are recorded in the control accounts in the general ledger. This setup lets you see the overall amount owed by customers and owed to suppliers at a glance, while still being able to check accuracy by reconciling the subsidiary totals with the corresponding control accounts. The general ledger contains the broader, summarized accounts, while these detailed ledgers provide the necessary specificity.