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WAEC Financial Accounting 2003 Question 48

Question 48

Double Entry and the Ledger

Which of the following is a real account item?

  1. A.Goodwill
  2. B.Fixtures
  3. C.Debtors
  4. D.Interest.
Show the answer and explanation

Answer: B (Fixtures)

Explanation

Fixtures are a tangible asset recorded in a real account.