BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Building A/c
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Capital A/c
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Shyam A/c
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Rent A/c
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Detailed explanation-1: -Few examples of tangible real accounts are buildings, machinery, stock, land, etc. Intangible real accounts are those which can’t be touched and physically felt. Few examples of intangible real accounts are trademarks, patents, goodwill, etc. Was this answer helpful?
Detailed explanation-2: -Investment is an asset and it is a real account.
Detailed explanation-3: -The ledger accounts which contain transactions related to the assets or liabilities of the business are called Real accounts. Accounts of both tangible and intangible nature fall under this category of accounts, i.e. Machinery, Buildings, Goodwill, Patent rights, etc.
Detailed explanation-4: -Cash account is a real account.
Detailed explanation-5: -Can you explain this answer?, a detailed solution for Which of the following is a real account? a)Building A/cb)Capital A/cc)Rent A/cd)All these. Correct answer is option ‘A’.