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JAMB 2010

The account which refers to the tangible assets of a company that is of permanent nature is the?

  1. Apersonal account
  2. Breal account
  3. Cnominal account
  4. Dcash account

Explanation

Real accounts represent assets and properties, both tangible (like land, buildings, machinery) and intangible (like goodwill, patents), that are of a permanent nature. Personal accounts deal with individuals/organizations, while nominal accounts deal with incomes and expenses.

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