Accounting WAEC

Stock account is a type of?

A. nominal account
B. personal account
C. real account
D. fixed assets account

Correct Answer: Option C

C. real account

Explanation

Examples of Real Accounts. The real accounts are the balance sheet accounts which include the following: Asset accounts (cash, accounts receivable, buildings, etc.) Stockholders’ equity accounts (common stock, retained earnings, etc.)

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