Final answer:
The three ledgers kept in the Disbursing Section are the Cash Disbursement Ledger, the Cash Receipts Ledger, and the General Ledger.
Step-by-step explanation:
The three ledgers kept in the Disbursing Section are the Cash Disbursement Ledger, the Cash Receipts Ledger, and the General Ledger.
The Cash Disbursement Ledger records all the outgoing cash transactions made by the organization. This ledger includes details of payments, such as to vendors, suppliers, or employees.
The Cash Receipts Ledger records all the incoming cash transactions received by the organization. This ledger includes details of payments received, such as from customers or clients.
The General Ledger is a summary of all the financial transactions of the organization. It consolidates the information from both the Cash Disbursement Ledger and the Cash Receipts Ledger. The General Ledger provides an overview of the organization's financial position and is used for accounting and reporting purposes.