Give a real example of real account?

Answer 1

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..
Real account is the elements of accounts which represent assets that may be tangible/intangible. For accounting treatment debit what comes in & credit what goes out from
Business 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

TANGIBLE A/C IS - WHICH CAN BE TOUCH, FELT & MESURED i.e. cash, building, land etc
INTENGIBLE A/C WHICH CAN NOT BE TOUCH, FELT & MESURED ONLY
WE CAN REALISE .i.e. goodwill

Hope this helps....:)