passwella.
Menu

GCE Financial Accounting 1990 Question 34

Question 34

Double Entry and the Ledger

Which of the following belongs to the Nominal Ledger?

  1. A.Creditors' Accounts
  2. B.Debtors' Accounts
  3. C.Salaries Account
  4. D.Fixture Account
  5. E.Stock Account.
Show the answer and explanation

Answer: C (Salaries Account)

Explanation

The nominal ledger holds income and expense accounts such as salaries.