Identify which of the following is considered a real account in accounting.

Choose the correct answer

Explanation

Real accounts pertain to assets and liabilities, representing tangible or intangible items owned by the business. Among the options, the cash ledger is a real account because it tracks the actual cash held. In contrast, rent expenses, rent income, and insurance expenses are nominal accounts related to income and expenses.

Identify which of the following is considered a real… — Accounting Mcqs | PakQuizHub