Bank account is ________ A. Personal account B. Real account C. Nominal account D. Intangible real account

The correct answer is: B. Real account

A real account is an account that records assets, liabilities, and equity. Bank accounts are assets, so they are recorded in real accounts.

A personal account is an account that records transactions between a business and its customers or suppliers. A nominal account is an account that records revenues and expenses. An intangible real account is an account that records intangible assets, such as patents or trademarks.

Here is a more detailed explanation of each option:

• Personal account is an account that records transactions between a business and its customers or suppliers. For example, a business might have a personal account for each of its customers, which would track the amount of money that the customer owes the business.
• Nominal account is an account that records revenues and expenses. Revenues are the amounts of money that a business earns from its sales. Expenses are the amounts of money that a business spends on its operations. Nominal accounts are used to calculate the net income or loss of a business.
• Intangible real account is an account that records intangible assets, such as patents or trademarks. Intangible assets are assets that do not have a physical form, but that have value because they give a business a competitive advantage.

Bank accounts are assets, so they are recorded in real accounts. Real accounts are used to track the value of a business’s assets over time.