What is properties or real accounts?
- 3 Answers
- 4145 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / meenakshirani
These accounts are accounts of assets and properties, such
as building and Plant, machinary, cash, inventory etc.
Example: purchase a machinary with cash= 50000/-
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / prateek goyal
these account is tangible and tangible assets & cash
ex- bulding machine cash
purchase bulding with cash= 100000/-
| Is This Answer Correct ? | 4 Yes | 0 No |
The rules of real accounts are:
Debit :What comes in
Credit:What goes out.
Example entry:
purchased furniture for cash
Entry is :
Furniture a/c..Dr
To cash a/c
Being the furniture purchased for cash)
In this case furniture comes in and cash goes out.
| Is This Answer Correct ? | 2 Yes | 1 No |
what is SEC,BED
Goods lost by fire rs.5000 it was partly insured insurance company admit the claim for 3500 what will be the journal entry
How to void a payment
how can we do salary entry. inwhich gross salary, da, hrs, pf esi etc. included. tell me what is the journal entry for this type of question.
what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle
WHAT IS SAP????
what is three equity security data points
total assets are equal to total liabilities in final accounts ?why?
what is difference between depriciation and depriciation reserve ? how to treat depriciation in the books of accounts
what is service tax
A sold a product for 20% profit to B, B sold for 10 % loss for 230. 1, What is sale price of A 2, if A have sold for 500 what is profit % Please explain step by step.
Wht is the differance between Trade discount and cash Discount?
Audit 
