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 |
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