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  5. The ledger containin...

The ledger containing the accounts of debtors and creditors is

Accounts - Principles of Accounts
JAMB 2024

The ledger containing the accounts of debtors and creditors is

  • A. impersonal
  • B. personal
  • C. nominal
  • D. real
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Correct Answer: Option B
Explanation

Personal accounts represent people or entities with whom a business has transactions. This includes debtors (who owe money to the business) and creditors (to whom the business owes money).

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now