Real Account is Concerned With?

  1. Assets & Liabilities
  2. Expenses & Income
  3. Debtors & Creditors
  4. All of these
Anurag Mishra Professor Asked on 28th November 2015 in Economics.
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  • 2 Answer(s)

    Answer is (1) Assets & Liabilities

    Am accounts which represent the tangible facet is known as Real Account. In other words the real accounts are the balance sheet accounts. Balance Sheet presents two sides Liabilities and Assets. In assets accounts (cash, accounts receivable, building, etc), Other side liabilities accounts (accounts payable, wages payable etc. and stockholders’ equity accounts. 

    Monis Rasool Professor Answered on 29th November 2015.
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    Answer: (4) All of these

    Anurag Mishra Professor Answered on 29th November 2015.
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