Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 38 - No. 48)
What is the main purpose of a sales ledger?
To record all payments made to suppliers.
To track the amount owed to the business by customers.
To record all cash transactions.
To record the business's total income.
Explanation
The sales ledger contains the personal accounts of the business's customers (trade receivables).
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