WAEC Accounting 2017 Objective — Question 13

Question 13 of 50 from the West African Examinations Council (WAEC) Accounting 2017 Objective paper, with the correct answer and a full explanation.

13. Which of the following accounts are found in the nominal ledger? I. Advertising II. Motor repairs III. Additions to motor vehicle

A. A. I and II onlyCorrect
B. B. I and III only
C. C. II and III only
D. D. I, II and III

Explanation

Nominal accounts/ledgers are used to record non-real accounts, i.e. non-assets account. Addition to motor vehicle is an asset account, thus it will show in real account.

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 2017 Objective More Accounting past papers