Sales revenue is a: • Real account – Real accounts is an account whic
Right Answer is: A
• Real account –Real accounts is an account which rolls forward its closing balance from period to period. Sales revenue is a Real account.
Examples of Real accounts- Fixed asset, cash, accounts receivable, accounts payable, retained earning etc.
• Nominal account- It is an income statement account which is stored for one fiscal year.
• Personal account-This account is related to a firm, individual etc.