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A book that contains individual accounts of suppliers is the

Accounts - Principles of Accounts
WAEC 2014

A book that contains individual accounts of suppliers is the

  • A. purchase ledger
  • B. general ledger
  • C. nominal ledger
  • D. sales ledger
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Correct Answer: Option A
Explanation

A bought ledger is a system in accounting by which a business records and monitors its creditors. The purchase ledger contains the individual accounts of suppliers from whom the business has made purchases on credit.

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