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Which of the following is found in the general ledger?

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Accounts - Principles of Accounts WAEC 2010

Which of the following is found in the general ledger?

  • capital account
  • sales accounts checkmark
  • loan account
  • drawings account

The correct answer is: B

Explanation

A sales account in the general ledger has a cumulative value or information regarding the actual sales ledger. By looking at this ledger, detailed information regarding the revenues can be obtained. It contains important information like date of sale, invoice number, name of the customer, amount of sale to name a few.

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