WAEC Book Keeping 2024 Objective — Question 34

Question 34 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.

34. (Classification of Account: X -> Impersonal Account -> Y. See diagram.) The letter X represents A.

A. nominal accounts.
B. personal accounts.Correct
C. asset accounts.
D. expenditure accounts.

Explanation

Broadly speaking, in accounting, accounts are divided into personal account and impersonal account.

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