The ledger containing revenue and expense accounts is the:
A)nominal ledger.
B)general ledger.
C)sales ledger.
D)purchases ledger.

Question

Quizplus · Accepted Answer

The nominal ledger contains all revenue and expense accounts, along with any gains or losses. The general ledger contains all of the company's accounts, including assets, liabilities, equity, revenue, and expenses. The sales ledger and purchases ledger are sub-ledgers that contain accounts related to sales and purchases, respectively.

The Ledger Containing Revenue and Expense Accounts Is The