Question

MCQ

1.Which of the following is not a Real Account?


(A)Cash A/C
(B)Investments A/C
(C)Capital A/c
(D)Machinery A/C​

Answer 1

Answer:

Correct option is C

Answer 2

The correct option in context to the question is option C: Capital A/c.

• The real account is the one that deals with the company's tangible assets.
• It's the account that's carried forward from the previous year's end. It covers all business assets and obligations that must be compensated at some point.
• This has an impact on the business. It comprises cash accounts, investment accounts, machinery accounts, and so forth.
• The capital A/c, on the other hand, is referred to as a personal account.
• This is due to the fact that it is based on a natural person's name. It just records individual transactions, not full company transactions.
• As a result, a capital account is a personal account rather than a real account.