passwella.
Menu

WAEC Financial Accounting 2021 Question 17

Question 17

Double Entry and the Ledger

Accounts of fixed assets are kept in the

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

Answer: D (general ledger.)

Explanation

Real (asset) accounts are kept in the general ledger.