Question

Write the word , term or phrase which can substitute each of the following statement.
A person to whom the goods are sold on credit basis.

Answer 1

There are various subsidiary books are maintained by the business to record specif transactions like sales day book, purchase day book, sales return book, purchase return book, bills payable books, bills receivable books etc.

All credit sales are recorded in Sales Day Book from where individual party ledger will be debited in ledger account. The person to whom the goods sold on credit is called a sundry debtor.