Real property is _____.

2 answers:

6 0

Real property is a <span>physical property such as land and buildings (letter D). It is defined as a property in which there is a land and a property attached into it. An example of this is a building or pond. It is also considered as an immovable property or simply a real estate.</span>

vlada-n [284]3 years ago

5 0

The correct answer is D. physical property such as land and buildings.

Real property can basically be considered as fixed property immovable, principally buildings and lands including machinery, ponds, mines, canals, crops, roads, etc. In layman’s language, real property is property that could be protected by some form of real action on the contrary to personal property. Whereas, to claim any real property availability of a verifiable and legal property description is must.

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Explanation:

Please see complete question attached to this answer.

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DR Salary Expense $ 18,500

CR Salary Payable $18,500

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DR Mortgage Interest Expense $1,025

CR Mortgage Interest Payable $1,025

( To recording interest expense on mortgage not paid for the year).