5
Question
Sale or Return Day Book and Sale or Return Ledger are Known as _________________.
Sale or Return Day Book and Sale or Return Ledger are Known as _________________.
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Solution
The correct option is C Memorandum books
The sale or return ledger is a subsidiary ledger used to record sale or return basis transactions by customer. The ledger includes individual accounts for each customer and also a total account used to record the sale or return daybook totals.
The sale or return ledger is a subsidiary ledger used to record sale or return basis transactions by customer. The ledger includes individual accounts for each customer and also a total account used to record the sale or return daybook totals.
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