Which of the following is a real account?
A) Cash
B) Fees Earned
C) Utilities Expense
D) Income Summary

Question

Quizplus · Accepted Answer

Cash is a real account because it represents an asset that the company owns. Real accounts are permanent accounts that appear on the balance sheet, including assets, liabilities, and equity accounts. Fees Earned, Utilities Expense, and Income Summary are nominal accounts, which are temporary accounts used to collect revenues, expenses, and summary information for a specific accounting period.

Which of the Following Is a Real Account