The real accounts are accounts of Assets, liabilities and ___________?

Related Mcqs:

If credit side of a bank account is greater than the debit side, it indicates which of the following?

A. Bank overdraft B. Cash at bank C. Bank balance D. Current Asset...

Which of the following is the normal balance of a rent expense account?

A. Credit balance B. Cash balance C. Overdraft D. Debit balance...

Revenue and expense accounts are referred as______________?

A. Nominal accounts B. Real account C. Cash accounts D. Banks account...

Building account is classified as _________ account?

A. Nominal B. Real C. Cash D. Capital...

Which of the following statements is/are true ?

A. A sale of an asset is recorded in the Sales Book B. Total of Return Outward Book is debited to Return Outward Account C. The balance of Petty Cash Book is a liability D. Cash Book is a subsidiary book as well as a ledger...