JAMB Accounting 2017 Objective — Question 1

Question 1 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2017 Objective paper, with the correct answer and a full explanation.

The impersonal account is subdivided into

A. A. personal and real accounts
B. B. nominal and personal accounts
C. C. real and nominal accountsCorrect
D. D. real and current accounts

Explanation

Impersonal accounts are divided into real accounts (e.g. asset accounts) and nominal accounts (e.g. expense/income accounts).

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