What is Real account?

Answer Posted / bichitra

Real account is the elements of accounts which represents
assets, that may be tangible/intangible. For accounting
treatment debit what comes in & credit what goes out from
business

Is This Answer Correct ?    66 Yes 14 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What's Selling gold coins,insurance,mutual funds?

570


What is the contestable period in an insurance policy?

624


Is There Any Restriction On Maximum Number of Share Holders in Public Limited Company?

601


Why Is Depreciation On The Income Statement Different From The Depreciation On The Balance Sheet?

668


What requirements does a company need to comply with before accepting the deposits?

594






Tell about Plastic Currency?

660


When were banks nationalized?

617


What Is Credit Management System?

603


What is ‘crossed cheque’? Explain

613


What is gross profit ratio? What does it indicate?

595


How do I submit e-application?

611


When was rbi nationalized?

699


How will you differentiate between Balance of Payment and Balance of Trade?

633


What will you find in P&L Account?

632


What Would You Consider Important For A Bank Clerk, Being The First Point Of Contact With Customers?

655