Interested to Buy Any Domain ? << Click Here >> for more details...
what is real account
- 6 Answers
- 8317 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / r sumitra
real account refers to accounts relating to asset
| Is This Answer Correct ? | 0 Yes | 0 No |
What is the new name for Stock exchanges ? (recently)
are you in need of accounting interview book. pl ask me with your e-mail for free book
what is the difference between credit and debit note?
55 Answers Accenture, FMCG, Private, Redson, TATA,
IN PROFIT AND LOSS ACCOUNT WE MAY EITHER GET PROFIT OR LOSS.SO WHY IT IS PROFIT AND LOSS ACCOUNT INSTEAD OF PROFIT OR LOSS ACCOUNT ?
what will be the journal entry for this transaction? purchased furniture for personal use of rupees 2000. now tell me is it business transaction or a personal transaction??
what is the meaning of bills payable and bills receivables?
23 Answers Genpact, Mona Lisa, PP, Scope International, TATA,
closing stock worth is 50000 and grossprofit is 20% how much profit would be accounted towards the nextyear?
Define cost accounting?
What is Standard Cost?
what is trading Account ?
formula for return on equity
hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
Audit 
