Identify the wrong statement relating to receivables ledger:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Q1
Transcribed Image Text:Identify the wrong statement relating to
receivables ledger:
a. All entries made in the sale daybook
will be posted to the debit side of the
relevant customer account in the
receivable's ledger.
b. It contains various personal accounts
for all credit customers of how much
each customer owes to the business
c. None of the options
d. Entries made in the sales return
book will be posted in the credit side
of the relevant customer account
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