Which of the following belongs to the sales ledger?
Answer Details
The correct answer is "Debtors Account".
Sales ledger is a record of all sales made by a business and the customers who owe the business money as a result of those sales. Debtors are customers who have bought goods or services from the business on credit and have not yet paid for them. Therefore, the sales ledger would include the Debtors Account, which tracks the amount owed by each debtor and the payment status of each debtor.
The other options are not part of the sales ledger. Motor Van Disposal Account would be part of the fixed assets section, Bank Account would be part of the cash or bank section, and Rent and Rates Account would be part of the expenses section in a company's books of accounts.