Which of the following is not a real account?

Home » Past Questions » Accounts-principles-of-accounts » Waec » 2015 » Which of the following is not a real account?
Accounts - Principles of Accounts WAEC 2015

Which of the following is not a real account?

  • Plant account
  • Salaries account checkmark
  • Creditors account
  • Trading account

The correct answer is: B

Explanation

Examples of real accounts are:

  • Cash.
  • Accounts receivable.
  • Fixed assets.
  • Accounts payable.
  • Retained earnings.
Previous Question Next Question

Leave A Comment