Answered: Which of the following is a real…

Which of the following is a real account?a) Capital Accountb) Salaries Expense Accountc) Sales Revenue Accountd) Discount Allowed

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter5: Closing Entries And The Post-closing Trial Balance

Section: Chapter Questions

Problem 5DQ: What is the purpose of the Income Summary account? How does it relate to the revenue and expense...

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Question

Which of the following is a real account?
a) Capital Account
b) Salaries Expense Account
c) Sales Revenue Account
d) Discount Allowed

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