Unformatted text preview: This is for customer’s personal accounts. 2. Purchases ledger – This is for supplier’s personal accounts. 3. General ledger – This contains impersonal accounts, such as those relating to expenses, non-current assets and capital. Impersonal accounts Impersonal accounts are divided between “real” and “nominal” accounts. Real accounts: accounts in which possessions are recorded. E.g. buildings, inventory. Nominal accounts: accounts in which expenses, income and capital are recorded....
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- Fall '08
- Sales Journal, Purchases Journal, impersonal accounts