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

Post New Answer

More Banking Finance Interview Questions

what are the main component of bailout funds? what are the limitations of bailout fund?

0 Answers   TCS,


What are the indicators of good shgs (self help groups)?

0 Answers  


How can social media be used for marketing?

0 Answers   LIC,


Tell us something about the 27th or latest public sector bank in india.

0 Answers  


Comment on Make in India scheme launched by the Modi government?

0 Answers   IBPS,






What leads assets to turn into a private equity?

0 Answers  


Who regulated Capital Market?

0 Answers   Bank of Baroda,


What are the advantages proprietary firms?

0 Answers  


What are off balance sheet items?

5 Answers   Ing Vysya Bank,


Describe the dynamics of culture as a multi-level, multi- layer construct.

1 Answers  


What is demand promissory note?

0 Answers  


Before filing a lawsuit against debtor what all things need to be considered?

0 Answers  


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (745)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)