What is Real account?
Answers were Sorted based on User's Feedback
Answer / rajesh
A Real Account is that its consists of land,
building,investments etc.
Debit - what comes in
and
Credit - what goes out
| Is This Answer Correct ? | 265 Yes | 29 No |
Answer / nitya
Real account is a one of the classification of accounts.its
for recording cost of assets and properties in the books of
accounts.eg, land,plant,cash,inventories,investment etc..
when a real account comes into business its being debited
and credited when goes out..
| Is This Answer Correct ? | 146 Yes | 26 No |
Answer / mamta
THE GOLDEN PRINCIPLE OF REAL A/C IS
DEBIT - WHAT COMES IN &
CREDIT - WHAT GOSE OUT
REAL A/C IS DEVIDED INTO TWO A/C i.e.
TENGIBLE & INTENGIBLE A/C
TENGIBLE A/C IS - WHICH CAN BE TOUCH,FELT & MESURED i.e
cash, bldg,land etc.
INTENGIBLE A/C WHICH CAN NOT BE TOUCH, FELT & MESURED ONLY
WE CAN REALISE.i.e godwill
| Is This Answer Correct ? | 110 Yes | 14 No |
Answer / deepak thorat
There are 2 type of real a/c 1.Tangible & 2. Intangible.
In 1 type you can touch & feel that particullary i.e all
fixed assets. e.g.land & building, Machinery etc.
& 2 Type of real a/c means your status in market means Your
company's / firm's Goodwill.Its called intangible Assests
which was u can't see but use in your Bussiness. [I.C.A.I.-
Institute of Chartered Accountant of India]
Real A/c as the a/c other than personal & Nominal a/c
Rule:- Debit what comes in
Credit what goes out.
| Is This Answer Correct ? | 53 Yes | 8 No |
Answer / naga
Real account:
Debit : What comes in AND
Credit : What goes out
| Is This Answer Correct ? | 52 Yes | 8 No |
Answer / shivesh
real a/c are those a/c which deals with fixed assets like
plant and machinary, building etc.
basic principle is----
debit- what comes in
credit- what goes out
| Is This Answer Correct ? | 52 Yes | 15 No |
Answer / vimmy
Real accout:
Debit: what come in and
Credit: what goes out
| Is This Answer Correct ? | 42 Yes | 13 No |
Answer / neha pahwani
all the a\c of asset & other things they come under the real
a\c.
(like - Assets a\c- building a\c, patent a\c etc
other things a\c- cash a\c, stock a\c)
| Is This Answer Correct ? | 32 Yes | 10 No |
Answer / poonam pharande
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 ? | 34 Yes | 12 No |
What does the statement of Inventory be used for?
What are deferred taxes? How do they arise?
What is the role of angel investors?
0 Answers State Bank Of India SBI,
Give examples of 'direct tax'?
What is SEZ?
What is fixed assets turnover ratio? What does it indicate?
why should be concered with in risk capital budgeting? is the standard deviation an adequate budgeting? is the stansard deviation an adequate measure of risk? Can you think of a better measure ?
What is CPI? How is it calculated?
0 Answers State Bank Of India SBI,
What Are The Various Systems Of Accounting?
How has Bhartiya Mahila Bank managed to bring the change n the society?
Explain what are the types of derivatives?
What Was The Comprehensive Assessment?
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3209)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)