Question

Which of the following reports answers the question "What transactions make up the current balance I owe each Vendor?"

1) A/P Aging Summary
2) Accounts Payable graph
3) Vendor Balance Detail
4) Expenses by Vendor Detail

Answer 1

The Vendor Balance Detail report provides a breakdown of the transactions that contribute to the current balance owed to each vendor.

Step-by-step explanation:

The report that answers the question 'What transactions make up the current balance I owe each Vendor?' is the Vendor Balance Detail report.

This report provides a detailed breakdown of the transactions that contribute to the current balance owed to each vendor. It includes information such as the vendor name, transaction dates, amounts owed, and any payments or credits applied to the balance.

By reviewing the Vendor Balance Detail report, you can easily identify the specific transactions that make up the current balance owed to each vendor.