WAEC Financial Accounting 2006 Question 6

Question 6

Double Entry and the Ledger

A sales ledger contains

  1. A.creditors' accounts
  2. B.nominal accounts
  3. C.real accounts
  4. D.debtors' accounts.
Show the answer and explanation

Answer: D (debtors' accounts.)

Explanation

The sales ledger holds customers' (debtors') accounts.