Question

what is posted in credit side of debtors account​

Answer 1

Answer:

Essentially, a “credit balance” refers to an amount that a business owes to a customer. It's when a customer has paid you more than the current invoice stipulates. You can locate credit balances on the right side of a subsidiary ledger account or a general ledger account.

Answer 2

Answer:

Introduction

As previously mentioned, we not only have the general ledger, but also two other ledgers:

- The Debtors Ledger

- The Creditors Ledger

We also learned that all individual debtor T-accounts go in the debtors ledger and all individual creditor T-accounts go in the creditors ledger.

For example, here is a debtor's ledger with a number of individual debtor T-accounts:

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