In ledger book which accounts are maintained?
Last updated Jun 24, 2026
Correct Answer:
Option C —
real, personal and nominal
The Three Types of AccountsIn the traditional classification of accounting, accounts are divided into three categories:
Personal Accounts: These relate to individuals, firms, companies, or institutions (e.g., Debtors, Creditors, Bank Account).
Real Accounts: These relate to assets or properties owned by the business, which can be touched (tangible) or felt (intangible) (e.g., Cash, Machinery, Building, Goodwill).
Nominal Accounts: These relate to expenses, losses, incomes, and gains (e.g., Salary, Rent, Commission Received, Interest Paid).
Why all three are in the Ledger:
While the Journal records transactions chronologically, the Ledger classifies them.
If you only kept Nominal accounts, you wouldn't know how much cash you have (Real).
If you only kept Real accounts, you wouldn't know who owes you money (Personal).
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