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Question
Debtor’s Ledger consists of accounts of customer to whom goods are sold.
Options
on credit
on debit
Either on credit or on debit
none of these
MCQ
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Solution
on credit
Explanation:
A debtors’ ledger (also called a sales ledger) contains the accounts of customers to whom goods are sold on credit. These customers owe money to the business; hence, they are called debtors.
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