Question on: JAMB Accounting - 2024
Suppliers accounts are found in the
A
private
B
purchase
C
nominal
D
general
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Correct Option: B
Suppliers' accounts are typically maintained within the general ledger. The general ledger contains all the accounts needed for financial reporting, including those for suppliers (also known as creditors or accounts payable). While purchase accounts may track purchases from suppliers, and nominal accounts are a type of general ledger account, the suppliers' accounts themselves are held within the general ledger.
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