What is Real account?

Answer Posted / ghanshyam

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 ?    10 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How well can you handle the pressure?

644


How Often Can I File Bankruptcy?

680


What are your views on Triple talaq?

609


What's Purchase and selling of foreign currency?

650


What is CBS (Core Banking Solution)?

607






Can you tell about PPF Account?

640


Define IPC.

904


What do you mean by 'capital expenditure'?

608


What is 'alco'?

735


What do you understand by the gdp of the country?

583


How will you define the term management?

646


What is term repo?

581


Do you know what LAF is?

685


What do you understand by the term Public Debt?

621


How is cash flow statement different from a funds flow statement?

599