Which of the Following Accounts Is a Real Account

question 119

Multiple Choice

Which of the following accounts is a real account?

• A) Interest Expense
• B) Building
• C) Service Revenue
• D) Depreciation Expense-Building

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Definitions:

Outstanding Shares

The total number of shares of stock that have been issued and are currently held by investors, including public shareholders and company insiders.

Cash Dividends

Payments made by a corporation to its shareholders from profits in the form of cash.

Journal Entries

The recording of financial transactions into the general ledger, detailing the accounts affected, amounts, and dates, which forms the basis of the accounting system.

Trading Securities

Financial instruments bought and held primarily for selling them in the short term to profit from their price changes, recorded as current assets on the balance sheet.