Which of the following is found in the general ledger?
-
A.
capital account -
B.
sales accounts -
C.
loan account -
D.
drawings account
Correct Answer: Option 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.