Which Item Is an Example of a Real Asset

question 92

Multiple Choice

Which item is an example of a real asset?

• A)Share certificates.
• B)Building.
• C)Bonds.
• D)Accounts receivable.

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Definitions:

Purpose

The reason for which something is done or created or for which something exists.

General Journal Entry

A general journal entry is a record of financial transactions that includes details such as date, accounts impacted, amounts, and a brief description of the transaction.

Petty Cash Fund

A petty cash fund is a small amount of cash on hand used for paying expenses too small to merit writing a check or using a credit card.

Reimburse

To pay back or compensate someone for expenses they have incurred, typically related to business costs or travel expenses.