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Stock account is a type of

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Accounts - Principles of Accounts WAEC 2013

Stock account is a type of

  • nominal account
  • personal account
  • real account checkmark
  • fixed assets account

The correct answer is: C

Explanation

Examples of Real Accounts. The real accounts are the balance sheet accounts which include the following: Asset accounts (cash, accounts receivable, buildings, etc.)  Stockholders' equity accounts (common stock, retained earnings, etc.)

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