What is Real account?
Answers were Sorted based on User's Feedback
Answer / raju deyal
real account relate to things that can be touched measured
etc.it could be fixed assets or current assets in nature.
Is This Answer Correct ? | 3 Yes | 2 No |
Answer / rajib seal
Real a/c one of the classification of accounting knowledge.
short example of real a/c what's come in debit and what's goes out credit. that is 1)Land&Building
2) Investment.etc.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jaina valani
Golden rule of Real account is DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT.
There are two types of real account:-
1. Tangible real account- eg.-Plant and Machinery,etc
2. Intangible real account- eg. goodwill, patent, copyrite
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Answer / rajib seal
in the golden rules wise - what,s come dr
what,s goes out cr
exmp : salaries paid by cash .
salaries a/c Dr
To Cash A/c
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / omveer singh baghel
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..
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Answer / parmanesh dudhnath
These are assets accounts of the business with the exception of debtors. These accounts can be seen and touched. e.g. land, building fixtures, furniture, stocks, cash etc.
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Real A/c deals with assets, it includes building, cash, land, machinery, etc., The rules of real A/c is:-
Debit what comes in
Credit what goes out
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Answer / rahul.
A real A/c ia that A/C which realets with current assets as-
CASH,STOCK,GOODS,BILLs RECEIVABLE etc,and helps in running
of
bussiness.
Rule of Real A/C , Debit=what comes
in.
Credit=what goes out.
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Answer / t.obulapathi
according to my openion real account is the process of land
building
Is This Answer Correct ? | 0 Yes | 0 No |
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