Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 9)

Which is a permanent ledger account?

Purchases

Expenses

Sales

Capital

Explanation

Capital, which is a component of equity, is a permanent ledger account. Permanent accounts are balances that carry over from one accounting period to the next.

Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 7 - No. 9)

Explanation

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