Question

The principal book Ledger contains

• A. All accounts
• B. Personal accounts only
• C. Only real accounts
• D. Nominal accounts are the only ones

Hint:

The ledger is a principal book that records all financial transactions in various types of accounts.

Answer 1

The Correct Option is A

The principal book Ledger contains all types of accounts, including personal, real, and nominal accounts. It is used to record all financial transactions of the business. Step 1: Analyzing each option.

• (A) All accounts: Correct. The ledger records all accounts: personal, real, and nominal.
• (B) Personal accounts only: Incorrect. The ledger does not only contain personal accounts.
• (C) Only real accounts: Incorrect. The ledger contains all types of accounts, not just real accounts.
• (D) Nominal accounts are the only ones: Incorrect. The ledger records all accounts, not just nominal accounts.

Step 2: Conclusion.
Therefore, the correct answer is (A), as the ledger contains all accounts. Final Answer:} All accounts.