what is Real a/c

Answer Posted / m. maruthi

The account falling under this category which is visible to us and touchable by us and recognize them also. 

for example. Cash account. it is a real account because we can able to see the cash (visibility) and we can able to touch it (touch ability) and we can able to feel it (recognize). it follows all the 3 rules of the real account. so Cash account is a real account.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Hi sir, Our appointed one agent for sales promotion activities. This agent doing the job "canvas of our product". My quires 1)it is eligible for service tax and how to accounted. 2) this transaction is direct expenses or direct expenses? Pl suggest me

1312


Wha is difference between expenses and expenditure

1355


Tell me which accounting application you prefer most and why?

589


What is accounting transaction?

624


What is the difference between inactive accounts and dormant account?

699






What is the importance of accounting standards?

691


Tell me by saying, perpetual or periodic inventory system; what do we mean?

717


Tell us in balance sheet, where do you show tds?

612


what is casual receipt? is it exmpted in income tax?

3361


How do you prepare a balance sheet from a trial balance?

648


Define executive accounting?

765


Explain the types of ledger?

3582


what is dmat charges?

1540


Tell me what are the three factors that can affect your cash flow and business profitability?

591


What do you find most satisfying about this job?

621