Question

Sold ledger adjustment is opened in​

Answer 1

Answer:

At the end of Sales Ledger, General Adjustment Account is opened and all debits of Sales Ledger are recorded in the credit of General Ledger Adjustment Account. ... At the end of General Ledger, two Adjustment accounts are opened i.e. Debtors' Ledger Adjustment Account and Creditors' Ledger Adjustment Account.

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