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What is Real account?

Answers were Sorted based on User's Feedback



What is Real account?..

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

What is Real account?..

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

What is Real account?..

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

What is Real account?..

Answer / bichitra

Real account is the elements of accounts which represents
assets, that may be tangible/intangible. For accounting
treatment debit what comes in & credit what goes out from
business

Is This Answer Correct ?    66 Yes 14 No

What is Real account?..

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

What is Real account?..

Answer / naga

Real account:
Debit : What comes in AND
Credit : What goes out

Is This Answer Correct ?    52 Yes 8 No

What is Real account?..

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

What is Real account?..

Answer / vimmy

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

Is This Answer Correct ?    42 Yes 13 No

What is Real account?..

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

What is Real account?..

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

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