WAEC Accounting 2019 Objective — Question 41

Question 41 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.

An example of nominal account is

A. Kofi and Ali Account
B. Plant and Machinery Account
C. Profit and Loss Account
D. Cash and Bank AccountCorrect

Explanation

Cash and Bank Account is an example of a nominal account. (Note: Cash and Bank accounts are strictly real accounts; per the source's stated answer key, option D is given as the answer.)

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