Sales Ledger Contains Trade Receivables Accounts

Steps:

• Identify the sales ledger as the subsidiary ledger tracking customer transactions.
• Recall it records individual debtor accounts for amounts owed to the business.
• Distinguish from other ledgers: nominal for sales summaries, purchase for creditors.
• Confirm contents via accounting standards: personal accounts of trade receivables.

Why C is correct:

• The sales ledger (debtors ledger) holds detailed accounts of trade receivables, per double-entry bookkeeping principles, to monitor customer balances.

Why the others are wrong:

• A: Trade payables are in the purchase ledger for supplier debts.
• B: The sales account is a nominal ledger summary, not in the sales ledger.
• D: The sales ledger control account is a general ledger total, not the ledger's content.

Final answer: C