what is real account
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Answer / ritu soni
there are basically three type of accounts:-
Real Account (Mach. purchased)
Nominal Account ( wages, postage, stationary exp. paid etc.)
Personal Account ( Machines sold to Ram etc.)
real account is the account which consists machinery,
building etc.
it means purchase and sale of fixed asset comes under real
account. which is real in term.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / shivakumar
Real Account : Debit What Comes in & Credit what goes out
(Ex: Deals with Assets & Balances)
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / raghu.aps eveing v b.com
Real a/c is a account which can be see and touch that all thing
treated as real nuture like Plant ,bike etc
Real > Dr-what comes in
Cr- What goes out
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / devender
Real account also further divide two a/c. tangible and non-
tangible a/c and we say tangible a/c only we can touch,
saw, meaured to it, like building, cash, stock, furniture
etc. & intangible a/c only goodwill, trademark, patents,
copyright etc.
main things both(tangile and intangile) is fixed assents
for business. Real a/c rule is debit what cames in and
credit what goes out.
for instance
----------if cash is real a/c. ---------------------
Cash comes to business than debit and cash goes out from
business than credit.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / hemanta behera
Real account is realted all iteam sales and purcheses real
iteam.on behalf of debit and cash.
formula is used debit what comes in?
Credit what goes out?
Purchses assets
Assets accout Dr
Cash accout
it is use mostly tranaction in accounting
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Answer / r sumitra
real account refers to accounts relating to asset
| Is This Answer Correct ? | 0 Yes | 0 No |
out standing salaries goes to whiich A/C I mean personal(or) real(or)nominal a/c
difference between vat 47 & vat 49
please answer this question.the following balances were extracted from the books of modern traders on 31st dec,2010.capital(85000)fixed assets(45000)stock1-1-2010(15000)sundry debtors(20600)productive exp(3300)reserves fund(6600)discount received(800)cash in hand(6200)drawing(5000)accomulated dep.(9000)purchases(82000)bad debts(400)unproductive exp.(27400)sundry creditors(9000)sales(120000)cash at bank(25500).adjustments.stock on 31-12-2010(15000).outstanding wages (5000) write-off (600)of further bad debts. create provision for bad & doubtful debts at {5%) on debtors.unproductive expenses includes anitem of prepaid insurance (100).provide depreciation on original cost of fixed assets @ (10%).
diff. between accounts & finance
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