JAMB Accounting 2010 Objective — Question 6
Question 6 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.
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6. The account which refers to the tangible assets of a company that is of permanent nature is the A. personal account B. real account C. nominal account D. cash account
- A. personal account
- B. real accountCorrect
- C. nominal account
- D. cash account
Explanation
Real account is the account used to record tangible assets of an organization.
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