In which ledger is the account of yao, a debtor found?
Answer Details
The account of Yao, a debtor, would be found in the Sales Ledger.
The Sales Ledger is a subsidiary ledger in accounting that contains the individual accounts of a company's customers who owe money for the products or services that they have purchased on credit.
Since Yao is a debtor, it means that he owes money to the company, which makes him a customer who purchased goods or services on credit. Therefore, his account would be recorded in the Sales Ledger.
In contrast, the Purchases Ledger is a subsidiary ledger that contains the individual accounts of a company's suppliers who are owed money for the products or services that they have supplied on credit. The General Ledger is the primary ledger that contains all the financial accounts of a company, and the Nominal Ledger is another name for the General Ledger.