NABTEB Accounting 2023 Objective — Question 31

Question 31 of 50 from the National Business and Technical Examinations Board (NABTEB) Accounting 2023 Objective paper, with the correct answer and a full explanation.

The accounts maintained in the nominal ledger are (a) income and capital (b) expenses and income (c) liabilities and capital (d) assets and liabilities

A. income and capital
B. expenses and incomeCorrect
C. liabilities and capital
D. assets and liabilities

Explanation

The nominal ledger holds accounts that deal with expenses, incomes, losses and gains.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2023 Objective More Accounting past papers