passwella.
Menu

WAEC Financial Accounting 1993 Question 23

Question 23

Double Entry and the Ledger

Which of the following is not a Nominal Account?

  1. A.Rent
  2. B.Wages
  3. C.Discount
  4. D.Land
  5. E.Interest.
Show the answer and explanation

Answer: D (Land)

Explanation

Land is an asset (real account); the others are income or expense accounts.