WAEC Accounting 2013 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.
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Reserves account is kept in the
- A. private ledgerCorrect
- B. creditors ledger
- C. nominal ledger
- D. debtors ledger
Explanation
Reserve accounts are kept in private ledger because it is a transaction that doesn't occur time to time.
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