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Where is Bills Receivable recorded in?

1. Where is Bills Receivable recorded in?

1. Real Account
2. Personal Account
3. Nominal Account
4. Machinery Account

Answer: A) Real Account

Explanation:

A real account is a record that holds and continues onward its completion balance toward the year's end. These sums then, at that point, become the starting adjusts in the following time frame. The regions yet to be a determined sheet in which genuine records are found are resources, liabilities, and value. Genuine records likewise incorporate contra resource, contra obligation, and contra value accounts, since these records hold their equilibriums past the current monetary year.