Question

Creditor’s Ledger contains accounts of supplies from whom goods are purchased ______.

पर्याय

• on cash

• on debit

• on credit

• Either (a) or (b)

Answer 1

Creditor’s Ledger contains accounts of supplies from whom goods are purchased on credit.

Explanation:

A creditor’s ledger (also known as a purchase ledger) contains the accounts of suppliers from whom goods are purchased on credit.
These suppliers are called creditors because the business owes them money for goods bought but not yet paid for.