GCE Book Keeping 2015 Objective — Question 17

Question 17 of 40 from the General Certificate of Education (GCE) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.

Examples of items posted in the impersonal nominal account include: I. postage expenses II. purchase of desktop computer III. purchase of office furniture IV. travelling expenses

A. I and II only
B. I and IV onlyCorrect
C. II and III only
D. III and IV only

Explanation

Nominal (impersonal) accounts record expenses and incomes; postage expenses and travelling expenses (I and IV) are nominal account items, while purchases of computers and furniture are real (asset) account items, not nominal.

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