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JAMB Accounting 2010 Objective — Question 3

Question 3 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.

3. Ledger account is mainly classified into A. nominal, real and personal accounts B. fixed and current accounts C. management, financial and public sector accounting D. bank and cash account

A. nominal, real and personal accountsCorrect
B. fixed and current accounts
C. management, financial and public sector accounting
D. bank and cash account

Explanation

Ledger accounts are mainly classified into nominal, real and personal accounts.

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