Question

Computer Software Account is a



Real Account

Personal Account

Nominal Account

None of These

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Answer 1

Explanation:

Computer software can be considered a long-term asset that falls under fixed assets like buildings and land. ... In this article, we'll review the accounting standards that are in place to classify computer software.

Answer 2

The correct answer is option (A) Real Account.

Explanation:

• Computer Software Account is a Real Account.
• Computer software can be considered a long-term asset that falls under fixed assets like buildings and land.
• The Account which is related with the Fixed asset is a Real Account.
• A Real Account is a general ledger account relating to Assets and Liabilities other than people accounts.
• These are accounts that don't close at year-end and are carried forward.
• Examples of a Real Account: Bank Account, Fixed Asset Account, Cash Account etc.