Answer Posted / mamta
THE GOLDEN PRINCIPLE OF REAL A/C IS
DEBIT - WHAT COMES IN &
CREDIT - WHAT GOSE OUT
REAL A/C IS DEVIDED INTO TWO A/C i.e.
TENGIBLE & INTENGIBLE A/C
TENGIBLE A/C IS - WHICH CAN BE TOUCH,FELT & MESURED i.e
cash, bldg,land etc.
INTENGIBLE A/C WHICH CAN NOT BE TOUCH, FELT & MESURED ONLY
WE CAN REALISE.i.e godwill
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