πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Which of the following is a real account ?

    A Salary Account Correct Answer Incorrect Answer
    B Cash Account Correct Answer Incorrect Answer
    C Rent Account Correct Answer Incorrect Answer
    D Capital Account Correct Answer Incorrect Answer

    Solution

    Explanation: Accounts are classified as: β€’ Real Accounts – Related to assets (e.g., Cash Account, Machinery Account ). β€’ Nominal Accounts – Related to incomes & expenses (e.g., Salary, Rent Account ). β€’ Personal Accounts – Related to individuals or organizations (e.g., Capital Account ).

    Practice Next

    Relevant for Exams:

    ask-question