A sales ledger is a detailed listing of all sales made and presented in date sequence. Asales ledger can have a wealth of information, including the sale date, invoice number,customer name, items sold, sale amounts, freight charged, sales taxes, and value-addedtax. Additionally, it may contain credits issued to customers that reduce sales, such asfor returned products. EXPLAIN the mechanism used by the sales ledger in handlingthe company's credit management.
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