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The real accounts are accounts of Assets Liabilities and

This question belongs to Commerce Accounting
Accounting
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The real accounts are accounts of Assets, Liabilities and

Answer & Solution
Correct Answer: Option C
The real accounts are accounts of Assets, Liabilities and Capital. The accounting formula essentially shows that what the firm owns (its assets) is purchased by either what it owes (its liabilities) or by what its owners invest (its shareholders equity or capital).
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2 Comments
Prof Nandish
Prof Nandish 7 years ago
How it cover all three
Dewas Basnett
Dewas Basnett 9 years ago
How is capital a real account.
It should be a personal one.
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