baronvilleedwin baronvilleedwin

02-08-2024
Business

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What Is Accounting?: Mastery Test

Select the correct answers from each drop-down menu.

Which transactions do real accounts record?

Real accounts record transactions related to assets and properties like machinery and copyrights. While machinery is _, copyrights are _.

A. tangible
B. intangible

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Drop-down options:
1. tangible
2. intangible

Answer :

GinnyAnswer GinnyAnswer

02-08-2024

Final answer:

Real accounts record transactions related to tangible and intangible assets like machinery and copyrights.

Explanation:

Real accounts record transactions related to tangible and intangible assets such as machinery and copyrights. Machinery is a tangible asset, while copyrights are an intangible asset. Real accounts do not deal with personal transactions.

Learn more about Accounting and Real Accounts here:

https://brainly.com/question/29797322

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