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WAEC Accounting 2023 Objective — Question 31

Question 31 of 50 from the West African Examinations Council (WAEC) Accounting 2023 Objective paper, with the correct answer and a full explanation.

The accounts maintained in the nominal ledger are

A. income and capital.
B. expenses and income.Correct
C. liabilities and capital.
D. assets and liabilities.

Explanation

Expense and income accounts are the accounts maintained in the nominal ledger.

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