Which of the following accounts would appear in the nominal ledger? i. Sanison's account(a debtor) ii. Motor vehicle account iii. Sales account iv. Rent and rates account

  • A i, ii and iii only
  • B i, iii and iv only
  • C ii, iii and iv only
  • D iii and iv only
waec 2014accounting

The correct answer is D. iii and iv only

Examples of nominal accounts include purchase account, sales account, salary A/C, commission A/C etc. The nominal account is income statement account(expenses, income, loss, profit) and is also known as temporary account unlike balance sheet account ( Asset, Liability, owner's equity) which are permanent account.

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