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Accounts Test - 12
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Real accounts are related to assets of a firm and not
AnswerClick to flip back
A
debt
💡 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.