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: тАв Real Accounts тАУ Related to assets (e.g., Cash Account, Machinery Account ). тАв Nominal Accounts тАУ Related to incomes & expenses (e.g., Salary, Rent Account ). тАв Personal Accounts тАУ Related to individuals or organizations (e.g., Capital Account ).

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