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WAEC Financial Accounting 2014 Question 17

Question 17

Double Entry and the Ledger

Which of the following accounts would appear in the nominal ledger?
I. Sanison's account (a debtor)
II. Motor vehicle account
III. Sales account
IV. Rent and rates account

  1. A.I, II and III only
  2. B.I, III and IV only
  3. C.II, III and IV only
  4. D.III and IV only
Show the answer and explanation

Answer: D (III and IV only)

Explanation

Nominal accounts are those of incomes and expenses, such as sales and rent and rates. A debtor's account is personal and motor vehicle is a real account.