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The accounts maintained in the nominal ledger are

Accounts - Principles of Accounts
WAEC 2023

The accounts maintained in the nominal ledger are

  • A. liabilites and capital
  • B. assets and liabilites
  • C. income and capital
  • D. expenses and income
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Correct Answer: Option D
Explanation

Nominal accounts are accounts in which income and expenditure are recorded. It relates to gains, losses, income, expenses e.g discount accounts, sales accounts etc.

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