These represent possession of properties that have no physical existence but can be measured in terms of money and have value attached to them:

CS Executive · Corporate and Management Accounting · PYQS · December 2023
These represent possession of properties that have no physical existence but can be measured in terms of money and have value attached to them:
(A) Tangible Real Accounts
(B) Intangible Real Accounts
(C) Personal Accounts
(D) Representative Personal Accounts

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Accounting

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