Live stock a/c is a nominal a/c.

The correct option is B False
Real accounts are the accounts that refer to the possessions of a business. The possessions may be tangible or intangible. The possessions are assets of a business.

Examples of real accounts include building, furniture & fixtures, vehicles, inventory, cash, etc.

Normally the books of business contains tangible assets that have physical existence. However there are intangible assets as well that can appear in the books of accounts, for instance, copyrights, trademarks, goodwill, patents are intangible in nature but a business certainly possess them.

Livestock A/C records the monetary value of the domestic animals used in a business such as dog, horse, cow, etc. Thus, it is a fixed asset of a business and all the assets of the business whose value can be measured in terms of money are classified under the real account, whereas, the nominal account includes the accounts related to expense, losses, incomes and gains. Therefore, the Livestock A/c is a real account and not a nominal account.