What is Real account?

Answers were Sorted based on User's Feedback



What is Real account?..

Answer / 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

What is Real account?..

Answer / ashok kumar sahoo

Real accout:
Debit: what come in and
Credit: what goes out

Is This Answer Correct ?    9 Yes 1 No

What is Real account?..

Answer / javed koya

Real Cccount are for assets owned or posseed by the
bussuness,Examples Cash, Buildings, Plant
[Debit - What Comes in
credit - What Goes Out]

Is This Answer Correct ?    10 Yes 3 No

What is Real account?..

Answer / khendup lepcha

Real account are those acount which comes in debit and
which goes out in credit.
for e.g
purchse of buliding in Rs, 5,00,000
journal entry is follows:
Dr Cr
By Building a/c 5,00,000
To Purchase a/c 5,00,000

Is This Answer Correct ?    10 Yes 5 No

What is Real account?..

Answer / boby

Debit - what comes in
Crdit - what gose out
real account relate to things that can be touched
measured
etc.it could be fixed assets or current assets in nature.
it also inclueds investment,building,land etc.

Is This Answer Correct ?    4 Yes 1 No

What is Real account?..

Answer / neeraj chaturvedi (mba)(golu)

real account is basically related to property, like building investment which is also called fixed assets

Is This Answer Correct ?    3 Yes 0 No

What is Real account?..

Answer / ramya shetty

Real account is related to things or items that are visible
or tangible for eg: cash, furniture, building, purchase.
THE RULES is:
Debit- what comes in
Credit- what goes out

Is This Answer Correct ?    3 Yes 0 No

What is Real account?..

Answer / ganesh

Debit - What Comes in
credit - what Goes out

Is This Answer Correct ?    3 Yes 1 No

What is Real account?..

Answer / sachin

Debit-What comes in
and
credit-what goes out

Is This Answer Correct ?    3 Yes 1 No

What is Real account?..

Answer / abhis

A real account, as it indicates it is the REAL ACCOUNT
which records the transactions related to the purchase and
sale of Assets.
The Golden Rule of Real Account:
Debit WHAT COMES IN
Credit WHAT GOES OUT

Is This Answer Correct ?    3 Yes 1 No

Post New Answer

More Banking Finance Interview Questions

What do you mean by National Rural Employment Guarantee Act (NREGA)?

0 Answers   Nabard, State Bank Of India SBI,


what is contingent liability amortization share premium capital marketisation depreciation trial balance working capital how gross profit is calculated different types of statements prepared by a company.

1 Answers   BRS, FactSet Systems,


I have taken an Education Loan of Rs.4.00 lacs from a Nationalised Bank for Higher of my son during last year, Now I again want an Education Loan for my daughter for Rs.3.00 lacs from the same Bank. Now Bank is asking for additional security By way of guarantee or mortgage of House.Please tell me whether it is necessary to give guarantee or collateral security for taking Education loan for my second child?

4 Answers  


What is a lease agreement?

0 Answers  


What is operating ratio?

0 Answers  






Why do companies find public deposits attractive?

0 Answers  


Explain how to set up an employee in Tally ERP 9 for their payroll?

0 Answers  


What Is Inter-bank Deposit?

0 Answers  


How will you serve our bank: as a leader or as a manager?

0 Answers   IBPS,


Examine the marits and Limitations of the obsrvation method in collecting data. Illustrate your answer with suitable example.

0 Answers  


Tell us something about bsbda.

0 Answers  


What is the source of funds for RRBs?

0 Answers   IBPS,


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (745)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)