WAEC Financial Accounting 1991 (August) Question 21

Question 21

Double Entry and the Ledger

Which of the following is in the Personal Ledger?

  1. A.Discount Allowed Account
  2. B.Interest Received Account
  3. C.Cash Sales Account
  4. D.Debtors Account
  5. E.Assets Account.
Show the answer and explanation

Answer: D (Debtors Account)

Explanation

Personal accounts are those of people, such as debtors.