What is Real account?
Answers were Sorted based on User's Feedback
Answer / raju deyal
real account relate to things that can be touched measured
etc.it could be fixed assets or current assets in nature.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / rajib seal
Real a/c one of the classification of accounting knowledge.
short example of real a/c what's come in debit and what's goes out credit. that is 1)Land&Building
2) Investment.etc.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jaina valani
Golden rule of Real account is DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT.
There are two types of real account:-
1. Tangible real account- eg.-Plant and Machinery,etc
2. Intangible real account- eg. goodwill, patent, copyrite
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / rajib seal
in the golden rules wise - what,s come dr
what,s goes out cr
exmp : salaries paid by cash .
salaries a/c Dr
To Cash A/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / omveer singh baghel
Real account is a one of the classification of accounts.its
for recording cost of assets and properties in the books of
accounts.eg, land,plant,cash,inventories,investment etc..
when a real account comes into business its being debited
and credited when goes out..
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / parmanesh dudhnath
These are assets accounts of the business with the exception of debtors. These accounts can be seen and touched. e.g. land, building fixtures, furniture, stocks, cash etc.
| Is This Answer Correct ? | 1 Yes | 0 No |
Real A/c deals with assets, it includes building, cash, land, machinery, etc., The rules of real A/c is:-
Debit what comes in
Credit what goes out
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul.
A real A/c ia that A/C which realets with current assets as-
CASH,STOCK,GOODS,BILLs RECEIVABLE etc,and helps in running
of
bussiness.
Rule of Real A/C , Debit=what comes
in.
Credit=what goes out.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / t.obulapathi
according to my openion real account is the process of land
building
| Is This Answer Correct ? | 0 Yes | 0 No |
What are the various money market instruments?
What is 'tier 2 capital'?
What are the major Challenges being faced in the Banking sector?
Tell about current five year plan and newly formed NITI Aayog?
How many nations take part in G 20 Summit? Can you name them?
What Are The New Features Included In Openpages?
What are the security features that are being provided to a person in the stock market?
What does the statement of Inventory be used for?
When rbi was established?
what is differnce between monetary policy and fiscal policy
What are the different groups under which ratios are classified?
SOME QUESTIONS BASED ON YOUR ACADEMIC BACK GROUND
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)