Which of the following is not a real account?
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Correct Answer: Option C
Explanation:
Real accounts represent assets that are permanent in nature. These include things like land, buildings, equipment, and machinery.
However, in traditional classifications:
Tangible real accounts (physical assets) are usually what are meant by "real accounts" in basic accounting questions.
Intangible assets like patents are sometimes categorized under intangible accounts, but in many foundational accounting questions, they are not treated as "real accounts" in the narrow sense.
Real accounts represent assets that are permanent in nature. These include things like land, buildings, equipment, and machinery.
However, in traditional classifications:
Tangible real accounts (physical assets) are usually what are meant by "real accounts" in basic accounting questions.
Intangible assets like patents are sometimes categorized under intangible accounts, but in many foundational accounting questions, they are not treated as "real accounts" in the narrow sense.