The account which refers to the tangible assets of a company that is of permanent…

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Accounts - Principles of Accounts JAMB 2010

The account which refers to the tangible assets of a company that is of permanent nature is the?

  • personal account
  • real account checkmark
  • nominal account
  • cash account

The correct answer is: B

Explanation

Real account is an account dealing with the material assets of a business, such as its property.

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