The accounting ledger for goods sold on credit are debit<...
The accounting ledger for goods sold on credit are debit
Debtors account, credit sales account
Creditors account, credit sales account
Sales account, credit debtors account
Sales account, credit creditors account
Correct answer is A
Accounting and journal entry for credit sales include 2 accounts, debtor and sales. In case of a journal entry for cash sales, cash account and sales account are used. The person who owes the money is called a “debtor” and the amount owed is a current asset for the company. Since the goods were sold on credit, debtor acount will be debited (increase in the amount of money being owed to the business), and sales account will be credited.
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