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What is Real account?

Answers were Sorted based on User's Feedback



What is Real account?..

Answer / ghanshyam

Real Account are maintained for assets owned or possessed
by the business. Examples include building, Furniture, cash
Debit - What Comes in
credit - what Goes out

Is This Answer Correct ?    10 Yes 0 No

What is Real account?..

Answer / ashok kumar sahoo

Real accout:
Debit: what come in and
Credit: what goes out

Is This Answer Correct ?    9 Yes 1 No

What is Real account?..

Answer / javed koya

Real Cccount are for assets owned or posseed by the
bussuness,Examples Cash, Buildings, Plant
[Debit - What Comes in
credit - What Goes Out]

Is This Answer Correct ?    10 Yes 3 No

What is Real account?..

Answer / khendup lepcha

Real account are those acount which comes in debit and
which goes out in credit.
for e.g
purchse of buliding in Rs, 5,00,000
journal entry is follows:
Dr Cr
By Building a/c 5,00,000
To Purchase a/c 5,00,000

Is This Answer Correct ?    10 Yes 5 No

What is Real account?..

Answer / boby

Debit - what comes in
Crdit - what gose out
real account relate to things that can be touched
measured
etc.it could be fixed assets or current assets in nature.
it also inclueds investment,building,land etc.

Is This Answer Correct ?    4 Yes 1 No

What is Real account?..

Answer / neeraj chaturvedi (mba)(golu)

real account is basically related to property, like building investment which is also called fixed assets

Is This Answer Correct ?    3 Yes 0 No

What is Real account?..

Answer / ramya shetty

Real account is related to things or items that are visible
or tangible for eg: cash, furniture, building, purchase.
THE RULES is:
Debit- what comes in
Credit- what goes out

Is This Answer Correct ?    3 Yes 0 No

What is Real account?..

Answer / ganesh

Debit - What Comes in
credit - what Goes out

Is This Answer Correct ?    3 Yes 1 No

What is Real account?..

Answer / sachin

Debit-What comes in
and
credit-what goes out

Is This Answer Correct ?    3 Yes 1 No

What is Real account?..

Answer / abhis

A real account, as it indicates it is the REAL ACCOUNT
which records the transactions related to the purchase and
sale of Assets.
The Golden Rule of Real Account:
Debit WHAT COMES IN
Credit WHAT GOES OUT

Is This Answer Correct ?    3 Yes 1 No

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