What is Real account?
Answers were Sorted based on User's Feedback
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 |
Real accout:
Debit: what come in and
Credit: what goes out
Is This Answer Correct ? | 9 Yes | 1 No |
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 |
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 |
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 |
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 |
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 |
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