Answer / anil gautam

real a/c "dr. what comes in and cr. what goes out"

nominal a/c "dr. alll the expenses and losses cr. all the
profit and gains"

Answer / santau das

Real accounts only deals with the assets but nominal
accounts deals with expenses and incomes.

Answer / dinesh

Real a/c : Debit what come's in & credit what go's out
nominal a/c : debit all expence & all losess credit all
income & gains
In real a/c whatever things we can see,touch & feel it all
come's under real a/c. eg: bldg,machinery etc..
In nominal a/c we record only expence & losess and income &
gains for eg: interest, depreciation etc.

Answer / ashwini

Accounts dealing in properties, such as Cash,Building,
Machinery etc., are known as Real Accounts.

Accounts that record expenses,losses and incomes are called
Nominal Accounts

Answer / satyanarayana raju

Nominal accounts helps us to know the result of the venture
Real accounts will be placed in Balance sheet and will help
us to know the financial status of the orgonisation

Answer / aurosnigdha bose

real a/c includes all assets n properties but nominal a/c
includes all expenses n losses

Answer / komu

Real a/c ; Dr' what comes in and Cr' what goes out
Personal a/c ; Dr; the reciver and Cr' the giver and
Nominal a/c ; Dr' all over expense and loss and Cr' all over
incomes and granis (profit)

Answer / mns

All tangibles are Real account. All intangibles are nominal
account

Answer / vishakha

NOMINAL A/C SHOWS THE BUSINESS GAINS OR LOSS AND THIS
ACCOUNT SHOW THE FIXED COST AND SEMI VARIABLE COST
EXPENSSES.
REAL A/C SHOW THE WHERE CASH & BANK BALANCES ARE INVESTED

Answer / shreerama

Real A/c Shows : Dr What comes inside the business
Cr What goes outside the business
Nominal A/c Shows : All incomes or gains is Cr
All Expenses or Loss is Dr

Why do balance sheet always have same total of Assets and liabilities..??? pls ans dis...my id is business.ankita@gmail.com

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