Real account records
A. Dealings with creditors or debtors
B. Dealings in commodities
C. Gains and losses
D. All of the above
Answer: Option B
Solution(By Examveda Team)
Real account records Dealings in commodities.This Question Belongs to Commerce >> Accounting
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Comments ( 3 )
Accounting provides information on
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
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Patents, Copyrights and Trademarks are
A. Current assets
B. Fixed assets
C. Intangible assets
D. Investments
Real accounts are also personal accounts which are transactions with suppliers, creditors and debtors. How can the commodities be a real account? Please explain if you get time. THANK YOU.
option A& B Right
Didn't get it please help
And liabilities came in which ac