Real Accounts Examples List

What are Real Accounts?

Real accounts are those accounts that relate to business property and things that are owned by the business concern. Real accounts include tangible and intangible accounts.
Or
Accounts relating to properties and assets owned by the business enterprise (excluding debtors) are known as Real accounts.
It should be noted that assets may be tangible or intangible, but their value should be measured in terms of money.

Real Accounts Examples List:

1. Building account,
2. Land account,
3. Machinery account,
4. Cash account,
5. Furniture account,
6. Computer account,
7. Investment account,
8. Motor Vehicles account,
9. Fixture and fitting account,
10. Plant account,
11. Inventory account
12. Goodwill account,
13. Copyrights account,
14. Patents account,
15. Trademark account
16. Computer Software
17. Brands
18. Mining Rights

 

Tangible Real Accounts-

 Tangible real accounts comprise those things which can be seen, touched and measured.

Tangible Real Accounts Examples List:

1. Building account,
2. Land account,
3. Machinery account,
4. Cash account,
5. Furniture account,
6. Computer account,
7. Investment account,
8. Motor Vehicles account,
9. Fixture and fitting account,
10. Plant account,
11. Inventory account

Intangible Real Accounts-

Intangible real accounts comprise those items that cannot be seen, touched and measured but have a monetary value.

Intangible Real Accounts Examples List:

1. Goodwill account,
2. Copyright account,
3. Patents account,
4. Trademark account
5. Computer Software account
6. Brands account
7. Mining Rights account
8. licensing agreements account

Golden Rules of Debit and Credit in Traditional Approach-

Golden Rules Of Accounting-

Personal Accounts-  Debit the receiver ,Credit the giver.

Real Accounts-  Debit what comes in,Credit what goes out.

Nominal Accounts- Debit all expenses and losses, Credit all incomes and gains.

Golden Rules Of Accounting

Accounting Equation Class 11

30 transactions with their Journal Entries, Ledger, Trial balance and Final Accounts- Project

Golden Rules Of Accounting MCQs with solved answers