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WAEC Financial Accounting 2020 Question 33

Question 33

Double Entry and the Ledger

An example of real account is

  1. A.Computer Repairs Account
  2. B.Computer Insurance Account
  3. C.Office Computer Account
  4. D.Depreciation of Computer Account
Show the answer and explanation

Answer: C (Office Computer Account)

Explanation

A real account records an asset, here the office computer.