WAEC Accounting 2015 Objective — Question 7
Question 7 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.
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Which of the following is a real account?
- A. Plant accountCorrect
- B. Salaries account
- C. Creditors account
- D. Trading account
Explanation
A real account is used to record assets and capital (e.g. Plant account), while a nominal account records expenses and income.
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