passwella.
Menu

WAEC Financial Accounting 2014 Question 2

Question 2

Double Entry and the Ledger

A book that contains individual accounts of suppliers is the

  1. A.purchases ledger.
  2. B.general ledger.
  3. C.nominal ledger.
  4. D.sales ledger.
Show the answer and explanation

Answer: A (purchases ledger.)

Explanation

Suppliers (creditors) have their personal accounts in the purchases (bought) ledger; customers are in the sales ledger.