To determine which of the following options is not a real account, let's first clarify the different types of accounts in accounting:

1. **Real Accounts**: These refer to permanent accounts that are found on the balance sheet and include assets, liabilities, and equity accounts. Examples are cash, accounts receivable, and fixed assets.

2. **Nominal Accounts**: These are temporary accounts, which are closed at the end of each accounting period. They include income accounts (revenue) and expense accounts.

Now, let's analyze the options provided:

a. **Asset**: This is a real account.
b. **Liability**: This is also a real account.
c. **Income**: This is a nominal account.
d. **Capital**: This is a real account (part of equity).

### Final Answer
Therefore, the option that is *not* a real account is **c. Income**.

Question

To determine which of the following options is not a real account, let's first clarify the different types of accounts in accounting:

1. **Real Accounts**: These refer to permanent accounts that are found on the balance sheet and include assets, liabilities, and equity accounts. Examples are cash, accounts receivable, and fixed assets.

2. **Nominal Accounts**: These are temporary accounts, which are closed at the end of each accounting period. They include income accounts (revenue) and expense accounts.

Now, let's analyze the options provided:

a. **Asset**: This is a real account.  
b. **Liability**: This is also a real account.  
c. **Income**: This is a nominal account.  
d. **Capital**: This is a real account (part of equity).

### Final Answer
Therefore, the option that is *not* a real account is **c. Income**.

Knowee AI · Accepted Answer

To determine which of the following options is not a real account, let's first clarify the different types of accounts in accounting:

1. **Real Accounts**: These refer to permanent accounts that are found on the balance sheet and include assets, liabilities, and equity accounts. Examples are cash, accounts receivable, and fixed assets.

2. **Nominal Accounts**: These are temporary accounts, which are closed at the end of each accounting period. They include income accounts (revenue) and expense accounts.

Now, let's analyze the options provided:

a. **Asset**: This is a real account.  
b. **Liability**: This is also a real account.  
c. **Income**: This is a nominal account.  
d. **Capital**: This is a real account (part of equity).

### Final Answer
Therefore, the option that is *not* a real account is **c. Income**.

Which of the following is not a real accounts.Select one:a.Asset b.Liabilityc.Incomed. Capital

Question

Which of the following is not a real accounts.

Solution

Final Answer

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