WAEC Accounting 2020 Objective — Question 33

Question 33 of 50 from the West African Examinations Council (WAEC) Accounting 2020 Objective paper, with the correct answer and a full explanation.

An example of a real account is

A. Computer Repairs Account
B. Computer Insurance Account
C. Office Computer AccountCorrect
D. Depreciation of Computer Account

Explanation

A real account is the account used to record assets and tangible (material) resource movement in the organization. Office Computer Account (recording the physical asset) is a real account.

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