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what is real account

Answers were Sorted based on User's Feedback



what is real account..

Answer / ritu soni

there are basically three type of accounts:-
Real Account (Mach. purchased)
Nominal Account ( wages, postage, stationary exp. paid etc.)
Personal Account ( Machines sold to Ram etc.)

real account is the account which consists machinery,
building etc.
it means purchase and sale of fixed asset comes under real
account. which is real in term.

Is This Answer Correct ?    8 Yes 2 No

what is real account..

Answer / shivakumar

Real Account : Debit What Comes in & Credit what goes out
(Ex: Deals with Assets & Balances)

Is This Answer Correct ?    3 Yes 0 No

what is real account..

Answer / raghu.aps eveing v b.com

Real a/c is a account which can be see and touch that all thing
treated as real nuture like Plant ,bike etc

Real > Dr-what comes in
Cr- What goes out

Is This Answer Correct ?    1 Yes 0 No

what is real account..

Answer / devender

Real account also further divide two a/c. tangible and non-
tangible a/c and we say tangible a/c only we can touch,
saw, meaured to it, like building, cash, stock, furniture
etc. & intangible a/c only goodwill, trademark, patents,
copyright etc.
main things both(tangile and intangile) is fixed assents
for business. Real a/c rule is debit what cames in and
credit what goes out.
for instance
----------if cash is real a/c. ---------------------

Cash comes to business than debit and cash goes out from
business than credit.

Is This Answer Correct ?    1 Yes 1 No

what is real account..

Answer / hemanta behera

Real account is realted all iteam sales and purcheses real
iteam.on behalf of debit and cash.
formula is used debit what comes in?
Credit what goes out?
Purchses assets
Assets accout Dr
Cash accout
it is use mostly tranaction in accounting

Is This Answer Correct ?    0 Yes 0 No

what is real account..

Answer / r sumitra

real account refers to accounts relating to asset

Is This Answer Correct ?    0 Yes 0 No

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