Question

7. Real account deals with

(a) Individual persons

(b) Expenses and losses

(c) Assets

(d) Incomes and gains​

Answer 1

Answer:

(c) assets is the answer

hope this answer helps you..

Answer 2

Answer:

The correct option is (c). Real account deals with Assests.

Explanation:

The option (a) individual persons is inaccurate because Individual Person comes in Personal Account.

The option (b) Expenses and Loans is wrong because Expense and losses come under Nominal Accounts.

The option (c) Assets is correct because Real Accounts are the accounts that are associated with record accounts usually includes Assets, Liabilities, and Stockholder’s equity accounts. a true account may be a leger account that doesn't close at the top of the accounting year. The balance accumulated within the real accounts is carried forward to the subsequent accounting year, where you'll be able to accumulate the further credit of that accounting year in such accounts.

The option (d) Incomes and gains is wrong because Incomes and gains come under Nominal Accounts.

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