GCEFinancial AccountingDouble Entry and Ledgers2024

Which ledger division contains the accounts of individual trade suppliers?

AGeneral ledger
BSales ledger
CPrivate ledger
DPurchases ledgerCORRECT
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The Purchases ledger (also called the Creditors ledger) contains individual accounts for trade suppliers from whom goods are bought on credit. The Sales ledger holds customer accounts, the General ledger holds nominal and real accounts, and the Private ledger holds confidential accounts such as Capital.
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