Question
?Which Ledger is used to record the details of customer transactions the Accounts Receivable Ledger the General Ledger the Payroll Ledger the Accounts Payable Ledger
Solution
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(266 Votes)
Nora
Professional ยท Tutor for 6 years
Answer
### A. The Accounts Receivable Ledger
Explanation
## Step1: Identify the purpose of each ledger### - The **Accounts Receivable Ledger** records details of customer transactions, such as invoices and payments.### - The **General Ledger** summarizes all financial transactions but does not provide detailed customer-specific information.### - The **Payroll Ledger** tracks employee salary and payroll-related expenses.### - The **Accounts Payable Ledger** records details of amounts owed to suppliers.## Step2: Match the correct ledger to customer transactions### Since customer transactions involve tracking amounts owed by customers and their payments, the **Accounts Receivable Ledger** is the appropriate choice.