When the size of an organisation is very large and there are a number of accounts, it is not possible to keep all these accounts in a ledger. Generally, the following three kinds of ledgers are maintained by such organisation:
Debtors’ Ledger:
It contains the accounts of all the customers to whom goods have been sold on credit.
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Creditors’ Ledger:
It contains the accounts of all the suppliers from whom goods have been purchased on credit.
General Ledger:
It contains all other accounts except customer accounts and supplier accounts.