Under the Self-Balancing Ledger system, which of the following statements is CORRECT regarding the Adjustment

Question

Under the Self-Balancing Ledger system, which of the following statements is CORRECT regarding the Adjustment Accounts?

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Option C: General Ledger Adjustment Account in Sales Ledger mirrors Total Debtors Account in GL

Explanation & Concepts:
Practice and solve "Under the Self-Balancing Ledger system, which of the following statements is CORRECT regarding the A..." for Subject Knowledge - CCI Management Trainee Accounts 01 Sep 2026 Shift 2. The correct answer is Option C: General Ledger Adjustment Account in Sales Ledger mirrors Total Debtors Account in GL. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.

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Option A: Total Debtors Account in General Ledger is identical to Sales Ledger Control Account

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Option B: Purchases Ledger Adjustment Account records only cash transactions with creditors

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Option D: Both adjustment accounts are maintained in the same ledger to avoid duplication

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