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An example of accounts in the nominal ledger is

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Accounts - Principles of Accounts JAMB 2024

An example of accounts in the nominal ledger is

  • debtors
  • drawings checkmark
  • creditors
  • machineries

The correct answer is: B

Explanation

The nominal ledger, also sometimes called the general ledger, is the main book of accounts used in a double- entry bookkeeping system. It records all the financial transactions of a business during an accounting period. These transactions are categorized into different types of accounts.

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