NECO Accounting 2023 Objective — Question 27
Question 27 of 50 from the National Examinations Council (NECO) Accounting 2023 Objective paper, with the correct answer and a full explanation.
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Suppliers' personal accounts are found in the (a) purchases ledger (b) sales ledger (c) private ledger (d) nominal ledger
- A. purchases ledgerCorrect
- B. sales ledger
- C. private ledger
- D. nominal ledger
Explanation
The purchases (creditors) ledger contains the personal accounts of suppliers from whom goods/services are bought on credit.
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