A personal ledger is a type of accounting ledger that records transactions related to individuals, such as customers, suppliers, or employees.
Out of the given options, the "debtors account" is the one that belongs in the personal ledger. This account tracks the amounts owed to a business by its customers, which makes it a part of the accounts receivable category.
The other options do not belong in the personal ledger because they are not related to individuals, but rather to transactions or categories that are not person-specific.
- The "discount allowed account" is a general ledger account that tracks the discounts given by a business to its customers.
- The "interest received account" is a general ledger account that tracks the interest earned by a business on its investments or loans.
- The "cash sales account" is a general ledger account that tracks the cash received by a business from its sales transactions.
- The "assets account" is a general ledger account that tracks the assets owned by a business, such as property, equipment, or inventory.
Therefore, only the "debtors account" belongs in the personal ledger, while the other options belong in the general ledger.