What is Real account?

Answer Posted / hmingliana

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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Name some negotiable instruments.

726


How do credit card companies/ banks make money? What is the main source of making money?

694


Whom do you admire the most and why?

815


What is NEFT?

738


What Is Debt-to-income Ratio?

846






What is the post- dated cheque?

792


Is the Indian economy in the developing, underdeveloped or the developed state?

692


Give some idea about RBI current policy and Reserve Rates?

707


If I Am Going Through A Divorce How Will My Ex-spouse Filing Bankruptcy Affect Our Divorce Settlement?

732


Why do businesses prepare financial statements?

720


What is 'funding volatility ratio'?

736


What is pan number and where we can use pan number?

669


What do you understand by CBS?

708


What are the services generally provided by a bank's branch?

725


What is Incorporation?

734