A ledger is classified into
...A ledger is classified into
Private, sales and purchases
Personal, general and private
General, private and sales
Sales, purchases and general
Correct answer is D
The three types of ledgers are general, sales, and purchase ledgers.
The sales ledger records all sales transactions, whether cash or credit sales. While the purchase ledger records all purchases including those fully paid for and unpaid.
The general ledger, on the other hand, is a document providing a complete record of all the financial transactions of your business.
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Le Raw materials: Stock (01/01/2017) 8...
\text{Capital} & 12,700 & \text{Purchases} & 7,100 \\ \hline \text{Debtors} & 4,...