WAEC Accounting 2016 Objective — Question 3

Question 3 of 50 from the West African Examinations Council (WAEC) Accounting 2016 Objective paper, with the correct answer and a full explanation.

3. Which of the following are impersonal accounts? I. Investment II. Creditors III. Premises IV. Debtors V. Salaries A. I, III and IV B. II and IV C. I, III and V D. II, III and V

A. I, III and IV
B. II and IV
C. I, III and VCorrect
D. II, III and V

Explanation

Impersonal accounts are real and nominal accounts. Investment, Premises and Salaries fall under this category.

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