Question

in case of transferfrom creditor ledgerto debtors ledger,the debtors ledger adjustment account shold bedebited statement true or false
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Answer 1

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Inter-Ledgers Transfer: With Entries and Illustration!

Where the same person is a customer and a supplier, his account appears in both the Debtors’ Ledger and Creditors’ Ledger. In normal circumstances, only one account is kept for such a person. But when the ledgers are maintained on self-balancing ledgers basis, two accounts should be operated for such a person. Then it is an appropriate case of set off.