The sale ledger and accounts receivable are not the same thing. The sale ledger records customer purchases made on credit or with cash, providing a general overview of sales revenue. In contrast, accounts receivable includes credit purchases, customer payments, debit notes, credit notes, bad debts, and provisions for bad debts. In a fiscal year, if a company only accepts cash, the sale ledger will not equal zero, but accounts receivable will. In the United States, accountancy refers to debtors as accounts receivable. Selling goods involves recording trades in the sales day book, posting the total sales to the ledger and individual amounts to different debtor accounts, and making entries in the sales ledger and general ledger.