A ledger is classified into
- private, sales and purchases
- personal, general and private
- general, private and sales
-
sales, purchases and general
The correct answer is: D
Explanation
The three types of ledgers are general, sales, and purchase ledgers.
The sales ledger records all sales transactions, whether cash or credit sales. While the purchase ledger records all purchases including those fully paid for and unpaid.
The general ledger, on the other hand, is a document providing a complete record of all the financial transactions of your business.