Which of the following belongs to the Nominal Ledger?
Answer Details
The Nominal Ledger is a ledger account that records all the revenues, expenses, gains, and losses of a business, i.e., all the transactions that relate to the income statement.
Out of the options provided, the "salaries account" belongs to the Nominal Ledger since it is an expense account used to record the salaries paid to employees.
The "creditors account" and "debtors account" belong to the Personal Ledger, which is used to record the transactions related to individual persons or organizations.
The "fixtures account" and "stock account" belong to the Real Ledger, which is used to record the transactions related to tangible assets such as property, plant, and equipment or inventory.
Therefore, the correct answer is "salaries account".