The accounts maintained in the nominal ledger are
FINANCIAL
WAEC 2023
The accounts maintained in the nominal ledger are
- A. liabilities and capital
- B. assets and liabilities
- C. income and capital
- D. expenses and income
Correct Answer: D. expenses and income
Explanation
Nominal accounts are accounts in which income and expenditure are recorded. It relates to gains, losses, income, expenses e.g discount accounts, sales accounts etc.
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