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

The account which refers to the tangible assets of a company that is of permanent nature is the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Personal account
  • B Real account
  • C Nominal account
  • D Cash account
Correct Answer: Option B
Explanation:
Real account is an account dealing with the material assets of a business, such as its property.

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