Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 42 - No. 21)
Which of the following statements is true regarding the Sales Ledger?
It records all purchases made by a business.
It contains the personal accounts of customers.
It is where a company records its cash payments.
It is used to record the owner's personal drawings.
Explanation
The sales ledger contains all the personal accounts of the business's customers.
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