ACCOUNTS PAYABLE LEDGER, a subsidiary ledger containing the accounts of creditors. It is a device used to facil itate the book-keeping of a business enterprise. The operation of this type of ledger makes possible a division of labour in an accounting department ; the work of posting to creditors' accounts can be carried on independently of the work on customers' ac counts and general ledger accounts. The sum of the account bal ances in the accounts payable ledger should agree with the balance of accounts payable controlling account as shown in the general ledger. (See BOOKKEEPING.)