Real account records Options: A . &nbspDealings with creditors or debtors B . &nbspDealings in commodities C . &nbspGains and losses D . &nbspAll of the above

Real account records

Question

Real account records

Options:

A . Dealings with creditors or debtors

B . Dealings in commodities

C . Gains and losses

D . All of the above

Answer: Option B

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Question 1. The account that records expenses, gains and losses is....

Question 2. The following is (are) the type(s) of Journal....

Question 3. The process of entering all transactions from the Journal to Ledger is called....

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Question 6. Balance sheet is a statement of....

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Question 9. The measure of how efficiently the assets resources are employed by the firm is called....

Question 10. The following is (are) the current liability (ies)....

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