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WAEC Accounting 2021 Objective — Question 17

Question 17 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.

Accounts of fixed assets are kept in the

A. purchases ledger
B. private ledger
C. sales ledger
D. general ledgerCorrect

Explanation

Fixed asset accounts are recorded in the general ledger.

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