Patents accounts are
A. Secured loan account
B. Nominal account
C. Real account
D. Debtors account
Answer: Option C
Solution(By Examveda Team)
Patents accounts are Real account. Patent right is classified as intangible asset and appear on balance sheet, that is why it is of nature of real account. The balances of real accounts are not cancelled out at the end of an accounting period but are carried over to the next period.This Question Belongs to Commerce >> Accounting
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