Question

Which of the following are real accounts?
1.Salary outstanding
2. Cash
3.Machinery
4.Goodwill
5. Rent
Select the correct answer from the following code:

Answer 1

Machinery is the correct answer

Answer 2

Answer:

2

Explanation:

2. cash is a real a\c. It is an item of Current Assets and it is carried forward to the next year unlike nominal accounts which are closed at the end of the year. It is an asset and so it a real a/c.