Which of the Following Is a Real Account

question 121

Multiple Choice

Which of the following is a real account?

• A) Cash
• B) Accounts Payable
• C) Utilities Expense
• D) A and B are correct

Recognize the importance of being an informed and successful user of information.

Understand basic financial arithmetic involving percentages and calculating proportions.

Comprehend principles related to leasing, renting, and homeownership, including understanding lease agreements.

Grasp the financial parameters involved in real estate investment, including equity, mortgage mechanics, and interest calculations.

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Definitions:

Written Amounts

Quantitative figures or values that are documented or recorded in written form, especially in financial transactions.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or to a designated person.

Payable

An amount of money that is owed and should be paid.

Definite Period

A specific, fixed duration of time identified in a contract or agreement during which certain actions must be performed or conditions met.