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Which of the following is not a real account?

Accounts - Principles of Accounts
WAEC 2015

Which of the following is not a real account?

  • A. Plant account
  • B. Salaries account
  • C. Creditors account
  • D. Trading account
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Correct Answer: Option B
Explanation

Examples of real accounts are:

  • Cash.
  • Accounts receivable.
  • Fixed assets.
  • Accounts payable.
  • Retained earnings.
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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