can a real account shows a credit balance
- 3 Answers
- 15824 Views
- Airtel, Bajaj, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / satyaki_raju@yahoo.com
It is possible. No doubt real account shows debit balance
always. But sale of asset exceeds the value showed in the
Balance Sheet it will result in credit balance It will be
transfered to profit and loss as profit thru sale of asset
| Is This Answer Correct ? | 26 Yes | 4 No |
Answer / ankit trivedi
never. real a/c is basically an asset a/c. As the value of
an always has a debit balance and it can never turn to
negetive. For eg. we can't have negative cash balance.Real
a/c can never have a credit balance.
| Is This Answer Correct ? | 11 Yes | 9 No |
Answer / anshul
real ac is basically a permanent ac which only consists of long term assets and we know that the assets can never have a negative value their value can be depriciated but can never be zero therefore it always has a debit balance
| Is This Answer Correct ? | 4 Yes | 3 No |
Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?
Why provisions are made & what will be the Journal entry for different types of provisions.
PERSONAL DETAILS
Paid a cheque for Rs 26500/- to Vishnu traders on behalf of Haritha trders for material supply
hi i m revathi am apply for the muthoot finance now call for me. how i prepared for the exam. please help me..
what is reconciliation ?
A company is Listing in EU (Europian Union) Controlled stock exchange ? will IFRS are mandatory ? if you answer will differ if Subsidary of US based company Listing in EU (Europian Union) Controlled stock exchange?
current depriciation rates for fixed assets
Expand--------OTA
what is the accounting period ?
What is EBITDA
expand H R A
Audit 
