Multiple choice

Real accounts are related to assets of a firm and not

  1. machinery

  2. debt

  3. receivables

  4. wages

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Real accounts represent tangible and intangible assets (machinery, cash, receivables). Debt represents amounts owed TO us BY others - it's a personal account representing the debtor relationship. Wages is a nominal account (expense). The question asks which is NOT a real account.