Question

Trademark is classified in which type of account?

• A. Real accounts
• B. Personal accounts
• C. Nominal accounts
• D. Tangible real accounts

Answer 1

The correct option is A Real accounts

Real Accounts are accounts of things. Like account of goods, assets etc,

The rule for real account is:

Debit what comes in

Credit What goes out

Trade mark is a fictitious assets, hence it is a real account.