PRC-1 · Chapter 3 · Question 56 of 100
Which of the following ledgers typically contains the Owner's Capital account and the Drawings account?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) General Ledger
Explanation
The General Ledger (or nominal ledger) is the main accounting record containing all asset, liability, equity (including capital and drawings), income, and expense accounts.
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