What is Real account?
Answers were Sorted based on User's Feedback
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 |
Real accout:
Debit: what come in and
Credit: what goes out
| Is This Answer Correct ? | 9 Yes | 1 No |
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 |
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 |
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 |
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 |
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 |
I AM A BSc AND HAVE DONE MABA-FINANCE IN 2010.CURRENTLY LOOKING FOR SITTING JOB IN FINANCE SECTOR.BUT NOT GETTING RIGHT JOB.MOST OF THE JOBS ARE OF SALES PROFILE.IS IT RIGHT TO JOIN A SALES JOB IN INSURANCE/BROKING COPANY ?.GUIDE ME TO SELECT A RIGHT JOB.PLZZZZZZZZZZZ
How will you differentiate between shares and debentures?
by which international certificate special import concession can be achived
What's SLR?
0 Answers State Bank Of India SBI,
What are the various risks the banks face?
What Entry Will Be Passed, When Debentures Are Issued at Par?
0 Answers Joint Stock Company,
Who conducts national banking entrance exam (nbet)?
How many types of subsidiaries does rbi have?
what features are available in Tally ERP 9 for Accounting?
When were the banks nationalized?
0 Answers IBPS, State Bank Of India SBI,
what is the difference between finance and accounting,how they are different with other.
what is the punch line of iob????????
6 Answers Indian Overseas Bank,
Business Administration (517)
Marketing Sales (1279)
Banking Finance (3209)
Human Resources (747)
Personnel Management (68)
Hotel Management (29)
Industrial Management (113)
Infrastructure Management (14)
IT Management (97)
Supply Chain Management (16)
Operations Management (39)
Funding (79)
Insurance (494)
Waste Management (1)
Labor Management (48)
Non Technical (73)
Business Management AllOther (546)