WAEC Accounting 2013 Objective — Question 45

Question 45 of 50 from the West African Examinations Council (WAEC) Accounting 2013 Objective paper, with the correct answer and a full explanation.

Stock account is a type of a

A. nominal account
B. personal account
C. real accountCorrect
D. fixed assets account

Explanation

Accounts that changes value regularly are regarded as nominal account. (Note: per the printed answer key the correct option is labelled C, real account.)

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