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.)
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…
300 Level Department of Social Science And Humanities exam questions and detailed answers. Download the answers…