Impersonal account is subdivided into?

A. real and nominal accounts
B. nominal and personal accounts
C. real and current accounts
D. personal and real accounts

Correct Answer:

Option A – real and nominal accounts

Explanation

IMPERSONAL ACCOUNTS represents accounts other than Personal Accounts. This may be sub-classified into:
a. Real Accounts, e.g. Asset Account; and,
b. Nominal Accounts, e.g. Income and Expenditure Accounts.