Concept:Sales and purchases ledgers are subsidiary ledgers that record credit transactions with individual customers and suppliers.
Explanation:The sales ledger contains the personal accounts of all credit customers.
These customers are also known as trade receivables or accounts receivable.
The purchases ledger contains the personal accounts of all credit suppliers.
These suppliers are also known as trade payables or accounts payable.
Thus, these two ledgers maintain detailed records for each customer and each supplier separately.
They do not record owner's capital, cash, assets, or liabilities in detail.
Answer:B. accounts of individual customers and suppliers