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what is Real a/c
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Answer / suryaprakash nalam
A real account states about assets of an organisaton,
Debit the comming asset and Credit the asset going out.
In real accounts any increment in assets held by the entity
is reflected by increasing the relevant asset account and
depletion by crediting the asset account.
If any asset account is debited then it is on account of
increment in the value or acquisition of that liability or
owner's equity which decreases the resources held by the
entity.
As the total resources held by the entity cannot
indigenously increment themselves the depletion has to be
matched with a fall in resources within the entity.
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / kiran.dara
real account
all asstes and laibilites will
comes
eg. Cash.Land,buildings, loans
debit : what comes in
credit : what goes out
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / m. maruthi
The account falling under this category which is visible to us and touchable by us and recognize them also.
for example. Cash account. it is a real account because we can able to see the cash (visibility) and we can able to touch it (touch ability) and we can able to feel it (recognize). it follows all the 3 rules of the real account. so Cash account is a real account.
| Is This Answer Correct ? | 0 Yes | 0 No |
Those accounts which are visible to us and touchable by us and recognize them are falling under the Real account.
for example. Cash account. we can able to see (visibility) and we can able to touch it and we can able to feel it also. so cash account is a real account.
| Is This Answer Correct ? | 0 Yes | 0 No |
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