Patents accounts are recorded in?

A. Personal account
B. Real account
C. Nominal account
D. None of these

Brief facts about Patents:

A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something. Patent right is the sole right of the company or a partnership business.
Also Read: Accounting principles & procedures mcq and answer pdf

Leave a Reply

Your email address will not be published. Required fields are marked *