Cash Account is
A. Personal account
B. Real account
C. Nominal account
D. None of the above
Answer: Option B
Solution(By Examveda Team)
Cash Account is Real account. A real account is an account that retains and rolls forward its ending balance from period to period. The areas in the balance sheet in which real accounts are found are assets, liabilities, and equity.Related Questions on Accounting
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A. Cost and income for managers
B. Company's tax liability for a particular year
C. Financial conditions of an institutions
D. All of the above
The long term assets that have no physical existence but are rights that have value is known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
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