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WAEC Financial Accounting 1997 Question 26

Question 26

Double Entry and the Ledger

Which of the following is not a personal account?

  1. A.Bolaji Account
  2. B.Drawings Account
  3. C.P.Z. Plc Account
  4. D.Cash Account
  5. E.Acada Club Account?
Show the answer and explanation

Answer: D (Cash Account)

Explanation

Cash is a real (asset) account; the others relate to persons, firms or the owner.