Question

All real account can either show ________ balance or nil balance.

• A. Debit
• B. Credit
• C. Zero
• D. Positive

Answer 1

Answer: (A)

Debit

Real Account refer to the account of thing or asset. All such real account will have either debit balance or nil balance depend on the business transactions. Like if any asset is purchased for the business, the asset account will have a debit balance. If the asset is sold out, than asset account will have nil balance.