motor car account is which type of accounts
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Motar Van account is the type of Real Account.
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Answer:
Motor car is an example of a Real Account.
Explanation:
Real Accounts are the ones that represent assets and liabilities, no matter whether it’s tangible or intangible, whose balance is carried forward in the next year. Car is our liability because as an owner, we require money to maintain and manage it. Also, its value depreciates with time. In addition to this, a car does not produce money, unless you use it for earning process specifically.
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