A ledger is classified into

  • A private, sales and purchases
  • B personal, general and private
  • C general, private and sales
  • D sales, purchases and general
jamb 2014accounting

The correct answer is D. sales, purchases and general

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.

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