What is Real account?
Answers were Sorted based on User's Feedback
Answer / raju deyal
real account relate to things that can be touched measured
etc.it could be fixed assets or current assets in nature.
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / rajib seal
Real a/c one of the classification of accounting knowledge.
short example of real a/c what's come in debit and what's goes out credit. that is 1)Land&Building
2) Investment.etc.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jaina valani
Golden rule of Real account is DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT.
There are two types of real account:-
1. Tangible real account- eg.-Plant and Machinery,etc
2. Intangible real account- eg. goodwill, patent, copyrite
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajib seal
in the golden rules wise - what,s come dr
what,s goes out cr
exmp : salaries paid by cash .
salaries a/c Dr
To Cash A/c
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / omveer singh baghel
Real account is a one of the classification of accounts.its
for recording cost of assets and properties in the books of
accounts.eg, land,plant,cash,inventories,investment etc..
when a real account comes into business its being debited
and credited when goes out..
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / parmanesh dudhnath
These are assets accounts of the business with the exception of debtors. These accounts can be seen and touched. e.g. land, building fixtures, furniture, stocks, cash etc.
Is This Answer Correct ? | 1 Yes | 0 No |
Real A/c deals with assets, it includes building, cash, land, machinery, etc., The rules of real A/c is:-
Debit what comes in
Credit what goes out
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul.
A real A/c ia that A/C which realets with current assets as-
CASH,STOCK,GOODS,BILLs RECEIVABLE etc,and helps in running
of
bussiness.
Rule of Real A/C , Debit=what comes
in.
Credit=what goes out.
Is This Answer Correct ? | 0 Yes | 0 No |
Answer / t.obulapathi
according to my openion real account is the process of land
building
Is This Answer Correct ? | 0 Yes | 0 No |
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