JAMB Accounting 2011 Objective — Question 20

Question 20 of 49 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2011 Objective paper, with the correct answer and a full explanation.

A typical example of a real account is

A. A. prepayment
B. B. expenses
C. C. plantCorrect
D. D. income

Explanation

A real account records the tangible assets of a business - plant is a typical example of a real account.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Accounting 2011 Objective More Accounting past papers