Multiple choice

Directions: Choose the correct option for the given question:

General ledger adjustment accounts represent _____ accounts in financial books.

  1. real

  2. personal

  3. representative personal

  4. nominal

  5. none of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

General ledger adjustment accounts are used to maintain control over subsidiary ledgers. They represent the total of the individual accounts within those ledgers, which are personal accounts (debtors or creditors).

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